Hello again to everyone reading this post, my inquiry is in regards to rehab loans offered by traditional lenders versus hard money loans, can any seasoned investors provide a criteria to follow when it is feasible to select a hard money loan over a traditional rehabilitation loan or vice-versa?
Example:
Would a traditional rehab loan be more practical to utilize if you are going to buy, rehab, and lease option for a year (in comparison to the hard money loan)
or
Would a traditional rehab (in comparison to the hard money loan) loan not be suitable if you are going to buy rehab, with immediate plans to flip? (3-4 month time duration after rehab)
Thanks for reviewing this post, good day to all.