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Updated almost 9 years ago on . Most recent reply

Stacy Weng's profile image
Stacy Weng's profile image
Stacy Weng
  • from Fairfax, Virginia
  • Member since Dec 24, 2013
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Stacy Weng's profile image
Stacy Weng's profile image
Stacy Weng
  • from Fairfax, Virginia
  • Member since Dec 24, 2013
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Stacy Weng
  • Fairfax, VA
35
Votes |
69
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Private Lending & Conventional Mortgage Advice

Conventional Loan and Hard Money Together?

Stacy Weng
  • Fairfax, VA
Posted

I'm not sure if this is even possible, but has anyone ever tried to use a conventional loan and hard money together for a deal? If I'm considering a property to do a flip, can I do a conventional loan with 20% down, and then use hard money to finance the rehab costs?

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Blaine Bacon's profile image
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Blaine Bacon
  • from Oklahoma City, Oklahoma
  • Member since Mar 14, 2016
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Blaine Bacon
  • from Oklahoma City, Oklahoma
  • Member since Mar 14, 2016
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Blaine Bacon
  • Oklahoma City, OK
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Blaine Bacon
  • Oklahoma City, OK
Replied

If you are wanting to flip it, the fha or 203k wouldn't be a good choice because you have to keep those for at least a year.

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