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Updated over 3 years ago on . Most recent reply

User Stats

60
Posts
16
Votes
Mark Berge
  • Rental Property Investor
  • New Jersey
16
Votes |
60
Posts

Financing fixer upper houses and then getting long term financing

Mark Berge
  • Rental Property Investor
  • New Jersey
Posted

Hi All, wondering how most small time land lords like myself finance their rehab houses and after property is move in ready, paying off the note into a 30 year fixed rate rental property loan? My first rental was able to pay cash. I have the 20% down payment now. Do most use regular banks or other lenders. How do you vet the other lenders. One that I have talked to had horrible ratings with the better business bureau so will keep looking. 

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