Jun 18, 2018 / Fix and Flip
So you’re in need of money to purchase a house to fix and flip. Borrowing money is often fairly costly. You can have high interest rates, need to pay about ten percent as your down payment, and often have a balloon payment to deal with. If you buy a home that you plan to occupy, though, you’ll find that you do get some breaks. Purchasing real estate or a house as your second home has extra costs. That’s why going the owner-occupant route is often a better deal. The Loan Owner-occupied housing is the legal term for More...