How Is This For Funding Fix Up...(m)
I talked to a broker about a rehab loan, I'll know Monday if I qualify, however, I was thinking that if for whatever reason I can't qualify for it I could take out regular financing then immediately taking out a second. I would do that to cover my fix up costs and put money in my pocket for holding time, etc, and to re-invest. Now that I've come up with this plan, I'm bringing it to you guys to show tell me the pros and cons, cause I know there are some. The plan is to put the property right back on the market to sell.
Thank you guys,
quinn 
No one has any input yay or nay about my scenario? Any input at all what be helpful to me.
Thanks everybody
quinn
Most lenders want you to have owned the property for 6 months before they will do this.
Notice I said most some will but you will have to look hard. If it is NOO you will have to look very hard.
Also the property will have to be habital to get a regular loan. If the property is in bad shap the lender will not give you a loan on the property. On these properties you will need Hard or private money.
Maybe you will get a better response if you post your question in the Rehab Forum instead.
ask your broker about construction loans...
regards-pat