Borrowing money to start flipping houses

[Alamen Ems]

Hi Which better to borrow money from private lenders or hard money lenders? Or can I use mortgage to buy a house and use the hard money for the labor? Thanks

[Krystal Goode]

Not speaking from experience here only what I've read. By my understanding is that you cannot borrow a conventional loan from a bank for a property that needs to be improved or made habitable. Your options would be private or HML. There may be some portfolio lenders out there that will let you borrow rehab money too.