Buying homes to flip or rent

[Anonymous]

Completely new to this do banks or credit unions loand for this? It would be my first home also we have everything in place my brother is a plumber so he can do all the rehab work just wondering if banks apporve these i have absolutely no idea

Thanks

[H-B]

You can use HML for flip and rehab. If you want to rent after rehabbing you can cash out after 6 month on appraisal value. If you are spending cash initially you can cash out any time after rehabbing property. There are some guidelines which you have to follow for delayed financing exception.