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Updated about 1 year ago on . Most recent reply

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Beginner ready to learn and get to work

Posted

We are just beginning this journey and looking for our first property to buy, rehab and flip. We are looking for advice on types of financing for projects like this that are straightforward. We are honest people looking for honest work and do not want to be swindled. We appreciate honesty and looking to gain knowledge here. 

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Trent Dues
  • Title Representative
  • Pittsburgh, PA
51
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82
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Trent Dues
  • Title Representative
  • Pittsburgh, PA
Replied

Best of luck Christie, that's a great attitude to have! Have you already located a property or a general area that you plan to focus on? What are your timeframes for the rehab and flip? Is your team doing most of the hands-on work, or do you have a contractor lined up and just need the financing side figured out? I'm guessing a hard money loan is likely what you are searching for, but that depends on your timeline and financials. You could look to source a seller-finance or subject-to mortgage if you don't want to be pressured to a quick turnaround time to pay off a higher interest hard money loan.

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