Real Estate Agent · Little Rock, AR · Member since 2014 · 2 posts · 0 votes
What's easier?
1. Having a flip house loan and adding a personal home loan?
2. Or having a personal home loan and adding a flip house loan?
I want to buy a personal home with my wife, but should I do that when I don't have a flip house loan? Or will owning a home effect getting a flip house loan?
Rental Property Investor · Chubbuck, ID · Member since 2018 · 532 posts · 466 votes
7y
It is easier to get a personal mortgage for a house you will live in. The down payment requirement is significantly lower and most flips are hard to finance with traditional loans. You might try buying a duplex or fourplex and live in one of the units for your first investments.