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Updated over 1 year ago on . Most recent reply

Adam Galal's profile image
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Adam Galal
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Adam Galal's profile image
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Adam Galal
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Adam Galal
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Financing a rehab property

Adam Galal
Posted

Hello,

What are the finance options for a rehab property? I am interested in doing a fix-flip in Cleveland OH and looking for financing options

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Cleveland, Ohio
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Andy Sabisch's profile image
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Andy Sabisch
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  • from Wilkes-Barre, PA
  • Member since Apr 22, 2021
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Andy Sabisch
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  • from Wilkes-Barre, PA
  • Member since Apr 22, 2021
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Andy Sabisch
  • Investor
  • Wilkes-Barre, PA
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Andy Sabisch
  • Investor
  • Wilkes-Barre, PA
Replied

Are you planning on house hacking the property?  Options at low down available for that option.

The HML option is one but the recent interest rates make for razor thin margins so we sure you have good reno and ARV numbers to see if the loan cost makes it a non-starter.

A HELOC if you own a property now is another option that can save you money on the loan portion as you only pay on what you need.

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