The author talks about 7 different types of financing for a first investment property:
1.FHA
2.VA
3.Conforming
4.Portfolio Loan
5.Hard Money Loan
6.Private Money Loans
7.Seller Financing
What about conventional, ARMs, or an interest only loan? I would think the latter would be good for a fix and flip since you're not planning to hold the property very long and you want low monthly payments.
Lender · Rochester, NY · Member since 2014 · 3k+ posts · 1k+ votes
7y
@Scott Carlin
3. - Conforming is Conventional
I am glad to provide you with info on financing when you decide which route you want to go. There is also the availability of a renovation loan as well.