I’ve noticed many newer investors struggle when it comes to matching the right loan type to the project.
Would anyone find it helpful if I shared a few examples of how experienced investors structure their fix & flip or rental loans to keep cash flow strong?
Always learning from this community — great to hear what’s been working for others too.
Real Estate Agent · Cookeville, TN · Member since 2018 · 4 posts · 0 votes
10mo
Michael, I think that would be great. I have bought several flips but am looking to purchase my second buy and hold rental. I sold the first one several years ago. The bank I typically use for flips will do me a rental loan for 15% down of purchase price and then add into the loan the additional reno expenses as I need them so I am not out of pocket any further. I think that is going to work good for me. Would love to get your feed back...the deal looks like a site built 950 sq. ft 3 bed 1 bath with one car garage, buy at $115,000, put $30k into(if I am picky and careful). Rent at around $1,300 a month, taxes and insurance pretty much one months rent. Probably figure 6% vacancy, 10% maintenance.