Updated over 10 years ago on . Most recent reply
obtaining a loan for a flip while still paying my mortgage? help.
Hello to all!
I am 100% new to this site and this is my first post. I am looking to get my first property to rehab and flip(long island). there is no rush as I am taking my time to fully educate myself about the business. My question is this, as I am sure many of you once or still are in the same situation. How do I obtain a loan for a flip, that includes the rehab costs when at the same time I am still paying of my mortgage? Is there a certain loan that will accommodate this situation or am I stuck finding other methods of finance? Thanks in advance!