carrying cost question?

[Jose Arreola]

Do I need the carrying cost in hand or does the loan pay for the month to month fees?

do i also need the rehab cost or does the loan pay for that as well? ro is there a seprate loan i get for the rehab?

I have enough for the 20% down payment on a house to flip, but thats all i have. this is why i ask if i need the cost of maintaining the house while i renovat?

[Kevin Luttrell]

The loan will generally not cover your monthly expenses during the project and you'll have to make monthly payments on the loan as well. Most fix and flip lenders will allow you to finance all or most of the rehab costs (depending on experience, ARV, etc). I know some banks out there will also finance in your monthly payments so your only out of pocket monthly expenses are utilities and general upkeep. Only one I know that does that is Temple View Capital.