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Updated about 6 years ago,
Question about rehab packages with conventional lenders...
Is it possible to find conventional lenders or mortgage brokers that have loan packages with rehab options for investors? 20y - 30y loans with the ability to get extra for the rehab of a flip?
I have used conventional for a flip in the past where I paid for the rehab out of pocket but wanted to see about getting the rehab wrapped into the loan. It is in an area that is too "rural" for HMLs but it is a high demand neighborhood, so I am confident in the potential to flip the property... just not sure how to best finance this?