Using HomeStyle Loan to fund flip

[Eric Lawson]

Originally posted by @Eric Lawson:

Good Day,

I’m looking for the most cost affective way to fund my first deal $100,000 this is a property owned by the bank.

I was thinking of using HomeStyle Reno loan, due to a hard money lender fees are a little to high and requires an 30k down payment. Has anyone ever used this type of loan for real estate investing.

Also has any had success with negotiations with banks on the sales price.. I need to negotiate the sale price down due to the ARV is about $130k and Reno cost are about $20-25k.