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Updated about 10 years ago on . Most recent reply

Patrick C.'s profile image
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Patrick C.
  • Investor
  • from Los Angeles, California
  • Member since Mar 29, 2015
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Patrick C.'s profile image
Patrick C.'s profile image
Patrick C.
  • Investor
  • from Los Angeles, California
  • Member since Mar 29, 2015
Connect
Patrick C.
  • Investor
  • Los Angeles, CA
7
Votes |
27
Posts
Buying & Selling Real Estate

Traditional loan vs. private lenders

Patrick C.
  • Investor
  • Los Angeles, CA
Posted

Quick question for the investors...

Given there is an opportunity to flip a house, or even buy and hold.  You have the ability to go with traditional loan vs. private lenders (given both approves)

Which loan do you go with? Of course private lenders fees/charges/interests are higher.

Thanks in advance.

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Andy Petersen's profile image
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Andy Petersen
  • from Fresno, CA
  • Member since Apr 2, 2014
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Andy Petersen
  • from Fresno, CA
  • Member since Apr 2, 2014
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Andy Petersen
  • Fresno, CA
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Andy Petersen
  • Fresno, CA
Replied

If the property is distressed private money is the way to go.  You could always refinance to conventional loan after rehab is completed.

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