Hard Lending vs. Conventional for Fix and Flip
Hey guys!
So my partner and I have been trying to figure out hypothetical financing avenues for a fix and flip. We understand that most fix and flips are cash purchases or shorter financing such as hard/private lending, but are having trouble trying to understand if other investors ever use conventional loans to finance a fix and flip.
It would be great for us if you guys and gals can shed some insight on if conventional loans are really ever used for fix and flips and if so what are the benefits and drawbacks vs. hard/private lending.
Thanks for all the help!
Mike