gonelifting said:When flipping houses, do you opt for an adjustable loan with a low teaser rate and hope to sell it before the rate period is up? Interest only, etc?
this is the first house I bought specifically to flip. I have bought and sold before, but I lived in them- it just worked out that the market shot through the roof when it was time to sell, so i made out ok. I had a rental property I got for very little and the rent paid the morgage and any repairs, etc, so the profit i got from selling that is what I bought this house with.