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Updated about 8 years ago,
Flipper's and lender's advice wanted!!
Good morning,
REPOSTING AGAIN SINCE THE FIRST TIME WASNT MUCH OF A HIT. WANTING TO HEAR FROM OTHER FLIPPERS!!!
So I want to hear it from the Pros. As an aspiring flipper I have been asking people that are pretty much in my same position any advice or resources that they have been able to use this far. A lot of them say that lenders do not want to lend to anybody without an LLC, but then again I've heard others say that that's not so much true. What I want to know is this:
Lenders, what exactly do you want from "me" as a potential borrower for a fix and flip?
Other flippers, what exactly did you get or need in order to start flipping? Did you need any special licenses? Did you need any proof of funds? Did you need to have your contractors lined up?
Many of these questions I have researched and answer for myself but I just want to doublecheck before I really dive headfirst into this market!
I'm so thankful for the many networking meet ups that I have been able to attend which have answered some questions but still have others that need more clarification.
In the Charlotte, Belmont, Gastonia, Mount Holly, Huntersville, Mecklenburg, Gaston county, North Carolina areas!
Thanks so much!