My question is about financing used to purchase the ss from bank. If your plans are to sell the house conventionally, do you use a hard money lender to purchase from bank and then list to sell or would you need to refinance the hard money before selling.
Also, what if your exit strategy is to sell on a lease option? How would this effect the financing?
Dude, you should have already had your financing lined up and you should have definitely already had your exit strategy planned!!! Doesn’t sound too good so far.
Do you need a HML or can you get conventional financing now?
A HML won’t care if they get paid off by a refi or by someone buying the prop.
If you’re planning on L/Oing as an exit, then it’d be hard to have cashflow on a HM loan.