Updated over 7 years ago on . Most recent reply
Funding my first flip
Found a home I am interested in flipping or potentially rehabbing and turning into a rental but leaning towards just a flip for my first one. That being said I'd need funding of some sort, I have money saved for a down payment and no debt and a pretty decent credit score so I don't think I will get turned down for a loan (the home is listed at 69k and I expect 10k in repairs). I am going to check the property out this weekend and I already feel I am behind as I think I should've had my funding in order, but I wasn't expecting to flip a home yet as I have started a new job, it was just one of them deals you come across and need to move on. So my question is with me trying to flip this home what type of loan would be best to look into? I plan on putting down 5-10k if that helps you in your response.
Thanks for any help!