I’ve been looking into real estate investing for about a year now. I’m still in High School but am wanting to learn as much as I can about it, so that after college I can begin investing. I never owned a home of mine so please bear with me if my questions seem dumb. Basically I’m looking into rehabs, and my questions relate to the loans and out of pocket expenses.

When you take a loan out(bank loan or private mortgage loan) what exactly does that cover? Does it also cover any holding costs, selling costs(agent commission and closing costs), purchase costs(like points up front, interest), repair costs, or does it just cover the sale of the home? Are the holding costs, selling costs, etc expenses that come out of my pocket?

Also, is there anyway payments on the loan can be withheld until the actual sale of the home? My plan would be to buy a home, fix it, and then sell it all within a 2-6 month time period. So I wasn’t sure if lenders would just wait until the house is sold to collect their money

I know down payments are usually around 10-20% of the value, would I be able to borrow the money from a private lender to use as a down payment?

Thanks in advance for any advice that comes my way, and thank you for understanding.

I manage a group of investors that invest in many different types of venture..we are looking at RE and I am not sure if I should get my RE license. Many says that there are too much restrictions and find yourself not in compliance..I NEED some ANSWERS Quick…Also..can I do mortgage loan without an RE license?