Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

50
Posts
14
Votes
Oscar Macal
  • Rental Property Investor
  • Pinehurst, TX
14
Votes |
50
Posts

Houston, TX lender recommendations for Fix & Flip?

Oscar Macal
  • Rental Property Investor
  • Pinehurst, TX
Posted

Hi everyone,

It's been awhile. Everything has been going well with my first Fix & Flip turned Fix & Rent, but now I am looking for my next flip. I'm meeting a wholesaler tomorrow who has a property near me that I am very interested in and wanted to ask for recommendations for hard money or private lenders.
Is there any company or individual(s) that you guys have used that you would recommend? I'd appreciate any feedback.

Thanks.
Oscar

Most Popular Reply

User Stats

33
Posts
20
Votes
Jessica McKinney
  • Real Estate Agent
  • Houston, TX
20
Votes |
33
Posts
Jessica McKinney
  • Real Estate Agent
  • Houston, TX
Replied

If you don't find the hard money you're looking for and have to go the conventional route, you could look  into the Fannie May Homestyle renovation loan. Similar to the 203k in that it's purchase and renovation all in one, BUT it's not restricted to owner occupants!!!! can be used for second and investment properties. Just a thought!

BP article covering the topic:

https://www.biggerpockets.com/renewsblog/2015/11/27/ultimate-guide-fnma-homestyle-renovation-mortgage/

Loading replies...