10 percent down conventional vs Hard money
There is a local Credit union offering investment mortgages with as little as 10% down and around 5.18% financing. They will do up to 2 of these loans. My question is, would it make sense doing this loan first over using hard money to buy my next rental property? I have a hard money lender that I have used and recently pre-qualified with. I guess what Im wondering is if this kind of loan is something that an experienced investor would use first before other forms of creative financing?