BRRRR Project. Short term HML or long term

[John Biehl]

I'm about to close on a property that I plan to BRRRR. The numbers for the BRRRR work. My only question is - I have two different HML that will finance it. One only offers short term 12 month fix and flip loans with a rate in the 10's. The other offers a long term rental 30 year deal with a rate around 6.25. The short term will finance it up to 100% while the long term requires a 25% DP. The property needs work so I was planning to finance 100% of the deal and use what I would have payed for the DP to cover the rehab, only caveat to that is I don't want to refinance after fully paying the loan back. Pleeeeease share your thoughts!!