Updated over 7 years ago on . Most recent reply
What type Financing is best for flipping single family homes?
Thinking about flipping single family homes in the dallas/Fort worth area. Am I better off with conventional financing or getting a hard money loan? I am a rookie and not much cash flow.
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Conventional lenders wont lend on distressed properties and hard money lenders will require you to have 20% - 30% of the loan amount in cash. Your best, low cash option might be the FHA route. Either purchase a turnkey small multifamily and live in one unit? That will allow the smallest amount of cash out of your pocket.