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Updated about 6 years ago,
Do traditional lenders finance fix and flips?
I first started out thinking I would buy a few rental properties. However, whe more I think about it, dealing with a rental is a very long term play, and you're also dealing with a lot of unknowns.
I feel a fix and flip has a limited window. I think you're dealing with things you can more control, vs a rental property, you're dealing with things you can't really control (overall market appreciation). Would you agree?
My question is, if I pivot to doing flips instead of rentals, will traditional mortgage lenders finance a fix and flip?
Do you think doing a flip for someone like me who has a full time job (albeit in software engineering -- rest and vest ;) is too aggressive?
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