Comments on: are there any lenders who will loan cash to rehab a property?

By: Adsense Treasure

Adsense Treasure — Sat, 17 Jul 2010 09:23:38 +0000

Great Post!

By: FRANK W

FRANK W — Sun, 28 Sep 2008 19:39:44 +0000

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By: Nelson

Nelson — Thu, 25 Sep 2008 11:26:16 +0000

Many lenders, banks in particular, deal in any sort of secured loan other than second mortgages. Other institutions deal almost exclusively in secured loans. Finance companies that deal in secured loans can be found in your phone book, newspaper, and increasingly, online.Shopand can get a good idea of what each can offer you in terms of interest and other finance charges and fees. Choose the best one for your needs, and apply for the loan.

By: pinky

pinky — Mon, 22 Sep 2008 02:58:51 +0000

First you need to make sure these houses are insurable. No insurance - no loan. Or if the bank provides the insurance then it only covers them and you’re out on a limb.
The last one I bought I got a Fire Policy until the rehab was done - and borrowed the money from my insurance company.

By: ed

ed — Fri, 19 Sep 2008 12:25:01 +0000

You may be able to get a line of credit to be used for rehab and draw as needed.
I’ve seen it done many times. Even up to a million extra in that manner.