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Updated about 6 years ago,
Rehab Financing for Fix and Flip in Columbus, Ohio
Hello all,
Over the last couple months, I have been getting a strategy together and seeing what would be the best fit for me in real estate. I am ready to get going but I had some financing questions. I am in the Columbus, Ohio area and interested in fix and flip single family homes. Are there lenders in our area that loan for projects like this? What are some likely terms? Can you get the cost of rehab financed as well? I know I could go through a bank, but I have not found any that would do cost of renovation as well? I thought I saw a company that would do 85% plus 100% of the renovation budget, but it was an out of state company. Just wondering if anyone had any luck around here. I have a modest budget and imagine there is a minimum loan amount. Thank you for any help.
Ed