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Updated about 9 years ago on . Most recent reply

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Syed Khan
  • Shrewsbury, MA
13
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65
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Live in flips

Syed Khan
  • Shrewsbury, MA
Posted

If an investor is looking for a live in flip, how do you finance your deal? I am assuming hard money lending would not be a good idea because of the high interest rates? Do you do a conventional loan? If so, do banks approve houses in a bad condition? How do you go about financing when it comes to a live in flip situation? What are my options?

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49
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25
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Tim W.
  • Keller, TX
25
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49
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Tim W.
  • Keller, TX
Replied

Most do a conventional loan and use their money to slowly do the flip. You could also look into a 203k loan which will give you the money to do the flip in your loan.

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