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Updated over 3 years ago,

User Stats

13
Posts
3
Votes
Kenyon Berry
  • Rental Property Investor
  • Houston, TX
3
Votes |
13
Posts

Best Loan for Live-in Flips (House Hack)??

Kenyon Berry
  • Rental Property Investor
  • Houston, TX
Posted

Hi guys, I'm getting close on a potential seller financing deal and have a few questions. The acquisition financing I've got covered. I'm now wondering what is the best loan product for a 2 year Live-in Flip? My goal is to live in the property and complete an extensive renovation with a rehab loan to avoid "out of pocket money" then at the end of the 2 years cash out refi the property to payout the balloon at the end of the term. My next question, once I have the property under a seller financing contract with the seller are more banks or HML more likely to fund if you have the property but not much capital?

Thanks

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