Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 6 years ago,

User Stats

28
Posts
2
Votes
Mike C.
  • Williamsburg, VA
2
Votes |
28
Posts

How To Choose Type Of Financing?

Mike C.
  • Williamsburg, VA
Posted

We have 100% equity in a SFH rehab project not quite ready for conventional financing that should appraise for ~$285k in a few months and rent for ~$2000, but I'm cash-poor. Want to refi this property for $93k for the down payment and closing costs on a SFH buy-and-hold that seems very attractive--no problem getting a 30CONV on that one with 25% down. That conventional lender also had no problem with us borrowing the down & closing against the incomplete rehab, if we could do it.

How can I find advice on figuring out the least expensive type of non-conventional financing that suits our situation (830 FICO, good income, experienced landlords, other properties with decent equity)?

Loading replies...