Updated over 2 years ago on . Most recent reply
Financing a rehab property
Hello,
What are the finance options for a rehab property? I am interested in doing a fix-flip in Cleveland OH and looking for financing options
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Cleveland, Ohio
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Andy Sabisch
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Andy Sabisch
#1 Rehabbing & House Flipping Contributor
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#1 Rehabbing & House Flipping Contributor
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- Wilkes-Barre, PA
Are you planning on house hacking the property? Options at low down available for that option.
The HML option is one but the recent interest rates make for razor thin margins so we sure you have good reno and ARV numbers to see if the loan cost makes it a non-starter.
A HELOC if you own a property now is another option that can save you money on the loan portion as you only pay on what you need.