{ "media_type": "text", "post_content": "Hey quick question about a rehab I'm planning! Are holding costs usually covered in the hard money loan for the rehab or is that an out of pocket expense similar to closing costs and refi?", "post_id": "610400ae58626f0021290789", "reply_count": 1, "vote_count": 1, "bowl_id": "5a5242b78e26290018502ca0", "bowl_name": "The Real Estate Bowl" }

Hey quick question about a rehab I'm planning! Are holding costs usually covered in the hard money loan for the rehab or is that an out of pocket expense similar to closing costs and refi?

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It depends on your lender and your market. But I usually consider holding/carrying costs something that are paid out of the equity out into a project, so you should budget for them when you’re deciding how much equity you’ll need. If you can get a lender to finance it great! (It would be akin to rolling closing costs into the larger loan.)

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