It appreciated so well that I refinanced out of my VA loan into a Conventional Loan in just over a year.

Conventional Loan How did you add value to the deal?

The loan itself is conventional through a bank.

The loan itself is conventional through a bank.

Hey,So the deeper I am diving into this I am finding people using the tactic of negotiating with a private lender and getting them to pay for the property then eventually refinancing the property through a 30 yr conventional loan on it.

🤷‍♀️But since this is all new to me, I’m wonder if I should just goes conventional with 15% down. (25k plus closing costs) I’ll have to use my own $ (probably credit) for repairs and updates.

Conventional mortgage with great interest rate.

However there are non conventional lenders that will look at the performance of the property more than your personal financial picture.

So, I believe you should be able to do a cash-out refi with a conventional fannie/freddie loan meant for an owner occupant.

I have two financing options:Method #1 is a conventional 30 year mortgage @ 3.87% interest rate with 25% down on a MFH Method #2 is HELOC loan that I can get at 3.5% interest rate by borrowing up to $180K or 4.24% rate if I was to borrow $230kMy dilemma here is which method makes more sense in general ?