Updated over 6 years ago on . Most recent reply
Should I use a rehab loan?
I am currently trying to get the ball rolling with my real estate investing. I have looked at some houses and talked to some lenders. The consensus i keep coming up with is that a rehab loan is going to be the only way i can avoid hard money (the hard money lenders in my area charge far too much). The plan would be to do the work myself after receiving quotes from contractor. This would be my way of building equity to which i would rent and refinance.