Using a Fix and Flip Loan for a Buy and Hold strategy

[Mark Weinberg]

I have found a fix and flip lender online that will provide 100% financing for a property and then provide 90% of the rehab costs.  What I would like to do is get the property financed 100% by the lender, don't do any rehab on the property since the property is in good shape, and just refinance the fix and flip loan to a long term mortgage.  Is this possible to do? 

[Tarik Turner]

This sounds pretty backwards 

Lender may not be legit. 

Lenders who offer fix and flip products will almost always offer 100% of the rehab budget to ensure that the property reaches the ARV evaluation. The borrowers skin in the game usually comes up front