My exit strategy is to refinance the hard money loan within 1 year and then I would decide to either sell the property or to continue renting.Now my question is that can I get a hard money loan to do this project.

Great Feedback everybody..thank you...this forum is awsome.allcash, I like that, I am usually the aggresive type and that sometimes can turn into Greed..and the fact that I would actually tie up more of free cash that will slow me down..is a value in itself...this is the way I feel about it ....unnecessary expense that could be eliminated.The tax deduction is a very good point that had not took in account.I am in it for the long run...I had flipped 3 houses in the past with couple of other partners, and I may continue to do so (different line, whole different strategy..... cash really is king when it come to that...if you have it ofcourse!)

Continue reading and asking questions and everyone here will be glad to help answer them.Good Luck,Jason

Ryan,Continuing the tangent a bit more...What does WCRT stand for?

You can all help us continue to grow even more, by telling your friends, colleagues, and family about us!

You should post an intro in the new member's forum area.You might want to investigate commercial blanket loans that would cover a set of properties.

Hopefully, you installed your smoke detector batteries and have pictures to prove it to the investigators following a fire.

:welcome: to BP.If you like rehab of a property you are living in then continue to do so.

This is an exciting time to jump into the market and be in on the ground floor of a re-emerging market.I think the recovery in Detroit is going to take a bit longer- I think it will be languishing for some time-- especially if Michigan's politicians continue on a course where tax increases are the answer to the State's serious economic woes.

If you bought at a discount, you can easily get out, even if the market continues to decline.Now, let's look at the second scenario.