Live in flips

[Syed Khan]

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?

[Tim W.]

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.