Updated almost 9 years ago on . Most recent reply
Funding Buy and Hold
BP,
With my initial intention being to fix and flip my properties I can't help but to ask the " What if..." questions. Specifically in this case it would be: "What if the house doesn't sell?" or "What if it takes a lot longer than expected to sell?" Well, if this happens my plan is to rent the property out.
The potential problem that I'm seeing with my plan is financing. I know that most Hard Money lenders are short term (a year or less), and traditional lenders typically lend to individuals and not businesses for mortgages.
Any ideas of an approach that I can't take?
Thank you for your time,
Chris H