Ambulance chasing attorneys know their way around and can legally navigate around Insurance Policies.

Not legal advice.

You will also need to front some of the cash to start the rehab before you get a draw approved with most lenders.

My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

Bankers are generally not aware of hard money loan options, and even if they are, they don't generally refer them when they believe they can approve a loan to you from their bank.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Each change took a meeting, then two different public hearings, then a Board approval meeting. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I used to work in finance and we could get clients approved for a HELOC in less than 24 hours which will be much quicker than the cash out finance.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.