Refinance Hard money for conventional

Financing, Hard Money Lenders, Private Money
1

I would like to purchase a rental property asking price of 14k repairs 16k ARV of 46k. I can get a HML for 32k for 6months but I would like to do a refi before my first payment is due. this would give me a total of 90 days with no payments. Is this possable? Also, if I do a 80%LTV/36800 can I take the diffrence and pay for the cost of the refi, thus making this a no out of pocket refi. and if any funds are left walk away with cash in hands, to reinvest.

2

If your credit will allow a refinance at 80% ltv…yes. Be sure to document all repair costs.

3

thanks for the reply. What would ones credit score need to be to get an 80% LTV refi?

4

shoot for aleast a 600 score

5

thanks my score is somewhere in the 650’s or so. I quess I should do good.