Updated almost 5 years ago on . Most recent reply
Hard money vs. a construction loan for a flip
My goal is to have an investor back the transaction. I want to split the profit with my investor. This would be in Frankfort KY. I anticipate the house costing less than 100K, repair costs to be approx 20K-30K and then sell the renovated house at market value. Timeline would be about 4 months - 60 days for renovation and 30 to 60 days to place the house on the market and close. Question, what is the best loan and terms, etc for this specific purpose?