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Phil Sirmarco
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Finishing first flip and looking for next need financing

Phil Sirmarco
Posted

Would like some advise on financing. I am finishing my first flip in NJ. I bought the house for 60k put 60k into rehab(all my own cash). The value after rehab is around 170k. I am looking for advise on how to move to multi family rentals. I would like to know the best road forward? Do/can I get a mrtg on the rehabbed house while it is for sale or do I try to get a mrtg on the multi family and use the rehabbed house as collateral? Looking for someone with some experience to give some advise.... thanks in advance for any help given

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