All Forum Posts by: Mel Gardner

I am having trouble figuring out whether to go with a hard money lender, or a conventional loan for my first rental property. I don’t want to buy something that needs too much work, something that is just about move-in ready besides for small cosmetics. I will need a lender to provide the money for repairs, then I can refinance and rent. Still getting started, so any information on how to do. This successfully is very much appreciate it. Thank you.

Hello, I'm currently a home owner and have been trying to figure out how to turn my house into a rental. I have a very good interest rate and will most likely take out a HELOC out to finance a rehab rental. I'm getting stumped on how to get a loan that works. FHA means I would have to live there 2 years and HML payments are higher than I can afford. Any help would be appreciated.