Questions from first time buyer /Flipper

[Alex R.]

....
I heard that if you want to flip they will not give you special interest rate for the first time buyers. Is that true?

Besides this what other restrictions (from any entity) may apply ?

please advise

[J Scott]

Originally posted by Alex R.:

what is the average interest rate (or a range) that banks charge for these investment properties ?

These days, I'm seeing anywhere from about 4.25% for conventional NOO up to 6.5% for portfolio loans, depending on the length and amortization periods of the loans.