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Updated over 3 years ago, 05/27/2021

User Stats

169
Posts
37
Votes
Tim Sipowicz
  • Rental Property Investor
  • Lockport, IL
37
Votes |
169
Posts

Fix to rent financing.

Tim Sipowicz
  • Rental Property Investor
  • Lockport, IL
Posted

Hello everybody, I am a newer investor and my agent sent me a 4 unit in a C class neighborhood for 300k. It stated at the end of the description that fix to rent financing is available for this property. Has anyone ever used this type of financing and could elaborate a bit more? I did some research and it’s a rehab loan for the most part it seems so I’m curious if it’s just another term for hard money lending due to the interest only payments. Also stated the loan could be rolled into a conventional 30 year loan. Any insight would be very helpful. Thanks 

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