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Updated almost 9 years ago,

User Stats

89
Posts
2
Votes
Brandon Clark
  • Real Estate Investor
  • New Orleans, LA
2
Votes |
89
Posts

Commercial loan for 1st flip property in New Orleans

Brandon Clark
  • Real Estate Investor
  • New Orleans, LA
Posted

Hey BP,

I have a friend (real estate agent/invester ) that recommended that I looked into getting a commercial loan. She is currently using this type of loan to flip a house as we speak. Is there a good reason why I would use this over any other type of loan? This would be my 1st property (flip). It would be a single family home or multi family home in New Orleans that's worth no more than $130k. I'm not sure if I'm missing something but thanks in advance.

- Brandon

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