I purchased an investment property at foreclosure sale using an HML. I would like to refinance it and get some cash out for rehab. Purchase price was 186k and comps in the neighborhood are approx 380-400k. Need to work rather quickly…tenants refused to leave and I had a long legal process to get them out. Suggestions, please?
Thanks,
You should be able to get a loan to help.
Depending on your personal parameters or LLC, however this is being held, you should be able to obtain financing rather quickly with the LTV that yo uare looking for.
yes to the two above posts. my suggestion is call someone quickly so we can start the refinance for you.
What state are you in… we should be able to help.