All Forum Posts by: Sarah Linkenhoker

Looking at a SFH that we would move into, convert into a duplex and then rent out. Moving in allows us to rent out our current place, and keeps us near the project, which is a ways from our current home. Because it will become our primary residence, I am starting to talk to lenders about traditional loan products. There are going to be some heavy costs on the rehab that we will also need financing for (since we won't be able to cashflow it all). Thinking of two options and if anyone has opinions on which is better.

1. Go through a lender and get some sort of construction loan for the entire project. 

2. Get just the mortgage through a traditional lender and use private money to fund the rehab. Refinance at the end to pull out the money to pay back the private lender.  

3. Any better ideas?