I’m planning to “flip” a house in the midwest, but I’m not sure how to go about financing. I plan to purchase the house for $130k, spend $20k in repairs, and sell for $160k. I would need to finance the purchase and repairs.
1) I don’t know what type of loan to go with
2) I don’t know if it’s better to go to a bank, like National City, a financing company, like CitiFinancial, or a different type of company…
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