I purchased a Duplex August 2018. 1 side is a 4 bedroom 1 & 1/2 bathrooms is rented. The other side is 3 bedrooms 1 bathroom needs to be renovated before It’s rented. What type of financing is best with low monthly payments?
insource offers rehab loans depending on state, payments are interest only with no pre payment penalty. if you wanted to go the conventional route, loan depot just announced a new program where they will close a loan in 8 days.
This is really difficult to answer without knowing the intended use for the financing and how long you want financing in place. Perhaps the information in our Ultimate Guide to buying multi-unit properties can help.