Options for getting renovation funds

[Ryan Cruz]

Hi guys!  

I'm finally making the move to purchase my first ever real estate property and I'm currently applying to various different lenders and talking to real estate agents in 2 different cities.  I'm leaning towards purchasing a turnkey property just because I'm not really familiar yet on the different types of ways to get funding for renovations but to be honest I would much rather purchase a property that I can fix up myself if I had a lender help with renovations.  With that being said, what is your preferred method on getting funds for renovating and why?  So far I know of hard money, private, fannie mae, heloc loans and credit cards .  Is it possible to purchase the property using a conventional loan and then getting a hard money/private just for renovations?  Or is it also possible on getting a conventional loan that also adds on renovation fees onto it?