RENTAL PROPERTY FINANCING!

[Giuliano Solger]

Should we use a hard money lender when looking to rehab and rent? or is there a better option? Take out a mortgage based on the ARV? I know people tend to use hard money lenders for flips, and mortgages for turn key properties but wasn't sure what to do when rehabbing and holding. Thank you!

[Steve K.]

There is no right or wrong answer to your question. It all depends on the profits you want to make on your deal. If that makes sense, HML would be ok. Also how fast you want to close. Condition of the property is also a factor, so banks wont even touch it. Provide more info for better responses.