Financing Flips & the Rehab

[Joe Jackson]

I came across an incredible deal on a flip investment. The problem is I just purchased a primary residence and I don't have cash to put down on the flip investment. Are there options that would allow me to get a loan to purchase and rehab the house. Rehab should only take 1-2 months and the home will sell fast.

Any recommendations?

[Dave Spooner]

@Joe Jackson Your best bet is likely to get a construction loan (typically a bit more stringent in requirements, higher interest rates, etc. than a mortgage loan) or go with a hard money lender.

Both are decent options, especially if you're highly confident that you can force appreciation out of the property.