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Updated about 3 years ago,
Private money or conventional loan
Hello! I’m a newbie investor looking for my first deal and the home I’ve had my eye on (fix and flip) just went on the market. My market is very hot, and I know this listing will be snatched up. I spoke to my mortgage lender who did my primary home mortgage and he believes we should have no problem getting a conventional mortgage with our profile. I did a quick search through here and seems to be some private money loan options that seem very appealing. My question is which route should we go (conventional or private money) to Get this deal done fast if down payment isn’t an issue? Thx In advance for the help!