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Updated almost 9 years ago on . Most recent reply
How to start out
so I've been working on building my credit, and I think I'm ready to start. I just wanted to know, what type of loan should I pursue if I want to buy and rehab and then rent out. I don't suppose a conventional loan would be appropriate in this aspect. I've called places and a few of them aren't ok with me renting my property out. Also, I wanted to do fix and flips but most loans are long term and won't let me sell. Please help! Thanks
Most Popular Reply

There are some loans that will allow you to do this but I think they are more targeted at the OO aspect of things. @Upen Patel should know about this. Otherwise you many need to buy it traditionally and get a hard money type of loan to do the rehab and refinance out of it in 6 months or so.