Updated almost 5 years ago on . Most recent reply
First house purchasing/financing options
Hello,
I have a significant amount of money saved up and am wondering what the best way to use it toward purchasing my first property. Would it be best to use a hard money lender for the whole deal (Purchase, reno and refinance)and just keep my money for reserves? Or would it be better to use my money for the reno and use a loan for just the purchase of the house? I am up for any other suggestions that people have. I have around 75K saved up so I guess it is a good problem to have. My goal is to fix and rent a house and then continue to do it.
Brad