Updated about 5 years ago on . Most recent reply
Need help navigating loan options
I am looking to purchase my first investment property for a quick flip. It is bank owned. I need some advice on my loan options. Key points below:
. - plan to have the investment house on the market within two months. The house needs some upgrades and minor repairs.
- Checked with a private lender but they want me to carry the loan for 6 months. This isn’t something I want to do.
- I do qualify for a VA loan. However, I currently own and live in a VA loan house.
I could pull from my invested funds, but don’t want to be taxed on pulling them.
What other options do I have?