What are my ideal lending options (investor in Connecticut)?
As a new investor in CT, I'm looking to flip my first property and would like to understand what lending options are available to me. I've read the BP Ultimate guide, several books, and a number of forums on the subject, but I'm still not 100% clear on what's available for my personal situation.
I have very good credit, good income, and no debt except for a first and second on my primary residence (in other words, I would easily qualify for a conventional mortgage).
But if I found a great deal, say tomorrow, and wanted to close quickly to make sure the deal happens, what are my best options? Let's say I can put 20-25% down on the total financed value (e.g., purchase+rehab cost) or even on the ARV.
Should I pursue conventional, rehab/construction loan (are these available?), hard money, etc.?