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Updated over 4 years ago,
Renovation Loan vs. Conventional
I am just starting my real estate investing journey and am in the process of trying to find my first deal. I'm looking for a property that we can renovate and then hold as a rental. I've been looking into what different financing options are available. My question is: Assuming the home will qualify for it, does it make more sense to go with a conventional mortgage or to roll the rehab costs and purchase into a renovation loan. Thoughts?