Are hard money loans any good for rehab?

Hard money loans are really loans of last resort if you can't qualify for traditional financing. These loans fit a niche, but are never the preferred route. As there is no standard underwriting book for these types of loans, you will need to contact each and everyone separately to figure out if they will lend in your situation. Many people put rehab on credit cards, or pull 401k loans to get the work done. When the work is done, and the property is all shined up, then many people would do a cash out refinance to get their money back. I'm a mortgage lender for properties in Minnesota, Wisconsin, Iowa, North Dakota, and South Dakota. Find out more about cash out refinancing at https://joemetzler.com/refinancing/ - Cambria Mortgage, NMLS 274132