Hey guys, I’m just starting to try to get into real estate investing (flipping homes). Does anyone know of any investment loans that require little down payment (around 10%) at a decent rate?It would need to be a loan that can include renovation costs or possibly get a different loan just for that. Trying to find a creative ways to get the funds to start. Thanks so much for your help. :)
The 203K, which is an FHA loan, rolls rehab costs into the loan with only 3.5% down.
Most HML's only require about 10% down and many of them finance 100% of the rehab costs.