Buy my own flip

[Alain Nguyen]

Good morning fellow BPers,

This will be my first question on BP (please be gentle).

I'm new to REI and I'm currently building my rehab team. Very confident that I will rehab my first home this year! (exciting)

Here is my question, we (my wife and 2 kids) are planning on moving early next year, are there any advantages to financing a flip (private money, hard money...) and then buy it for myself through a conventional mortgage?  is it even "doable"?

Let me now if more details are needed.

Thanks everyone I really appreciate any suggestion. 

Alain Nguyen

[Account Closed]

Originally posted by @Rob Beland:

I think you are better off with a 203K rehab loan. You will get better terms. Hard money can be expensive. 

Not sure the FHA's jurisdiction extends into Canada for a 203K. Perhaps she could utilize a similar program in Canada?