First time in real estate investing and wondering what the best loan is for a fix and flip

Your traditional cookie cutter 30-year loans are NOT designed for fix and flip. No traditional loan lender will knowingly lend to you if they think you are going to be paying off the loan very quickly. On the other hand, there are specific fix and flip loan programs out there if you look around. Next, if you are buying a property to rent, that is a rental property loan, and YES, you need to be honest with the lender about your intentions. Rental property loans have higher interest rate, bigger down payment requirements, and more compared to owner occupied primary residence loans, so people are always trying to beat the system. Lying is mortgage fraud, and you shouldn't do it. I lend in MN, WI IA, ND, SD. Find me at JoeMetzler.com (651) 552-3681 - Cambria Mortgage, NMLS 274132

Everything Joe Metzler said is true. Some loans are appropriate for both fix & flip and rental and those loans are different. As Joe mentioned the duration of the loan and intent of the loan matter to the lender. Being honest and upfront about your intentions is the best way to get the right loan and build a good lending relationship. I would reach out to Lilly Luna. She specializes in working with investors in Minnesota. lilly@creativelending.biz