All Forum Posts by: Account Closed

@Scott Johnson

Thank you, this really helps.

@Scott Johnson

Hi, It's just a hypothetical question on what if I can't cash-out refi. Also, who do I ask about the seasoning period? The new lender or the hard money lender?

I'm new to investing and the flix and flip loan I'm thinking of applying for have a maximum loan period of 12 months (you could apply for an extension) but how would I pay back the loan if I'm not able to cash out refi or have a seasoning period of 12 months or else?

@Nick Belsky

Yeah, I have the funds to rehab a property. It's just that I saw that a conventional loan without asking the lender if I could rent it out could cause occupancy fraud.

What's your thought on LendingOne's rental loans or fix and rent loans?

Great to know that conventional loans can be used for non-owner occupied. Thankyou!

Okay, but don't I need to check with a lender to see if it's the property is rentable though because wouldn't I be committing occupancy fraud if I don't.

I'm researching about real estate investing and I'm confused on what loan to use, am I able to use a conventional loan to fix and flip or keep it as a rental, or do I have to get a non-owner occupied loan? Do I need to check with the lender if I'm able to rent the property with a conventional loan?

I'm researching about real estate investing and I'm confused on what loan to use, am I able to use a conventional loan to fix and flip or keep it as a rental, or do I have to get a non-owner occupied loan? Do I need to check with the lender if I'm able to rent the property with a conventional loan?

@Reese Newell Ok, Thank you.