OfflineI am a newbie with a typical newbie question, maybe soneone out there can answer this for me. With no money or credit, I more than likely will not be able to come into any properties with my own money. That being said, I will be using hard money until my circumstance changes.
The question is....
I want my first deal to be a buy and hold, my exit strategy being to rent it out. The HM lenders i have spoken to will not lend for long term properties. Do I have an alternate choice so that I can still persue this route?
Any help from the DG crew would be great!
Thanks,
Rick C.
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Do today what others won't, so you can live tomorrow like others can't!!
Hard Money dont do long term but when you want to buy and hold with hard money you will need to refi when you fix and rent the property. I suggest talk to different mortagage brokers first
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Thanks! Do you recommend any brokers?
Do today what others won't, so you can live tomorrow like others can't!!
If you invested in apartments you could use hard money cause the property pays for it self in the long run. So check into that.