Rental Property Investor · Largo, FL · Member since 2017 · 23 posts · 2 votes
I know there are loans for fix and flips but what type of loans are out there for fix and holds? How does fix and hold financing differ from fix and flip financing?
Hi @Mark Weinberg, They are usually the same - same LTV x100. A great option would be the fix & flip /fix & hold loan and then you can refinance with conventional or private for a 30 year fixed rental loan.
The cheapest money available is a bank for fix and hold. If the property is not financeable because of needed repairs, buy it with private money, HELOC, personal loan, etc. Fix it up to financeable condition, then refinance and pay off the original lender.