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Updated almost 4 years ago on . Most recent reply

Jordan M.'s profile image
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Jordan M.
  • from Kansas
  • Member since Feb 17, 2019
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Jordan M.'s profile image
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Jordan M.
  • from Kansas
  • Member since Feb 17, 2019
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Jordan M.
  • Kansas
12
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33
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Starting Out

Has anyone used a HML on their first or first couple flips?

Jordan M.
  • Kansas
Posted

Hey everyone! I was curious to see if anyone has used a HML on their first or first couple flips? How did that experience go? My partner and I have enough for the down payment on a flip, but we're wondering if we are better off using a HML vs traditional financing.

Thank you all in advance !

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Chris Bounds
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  • from Sugar Land, TX
  • Member since Jul 27, 2012
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Chris Bounds
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  • from Sugar Land, TX
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Chris Bounds
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  • Sugar Land, TX
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Chris Bounds
  • Investor
  • Sugar Land, TX
Replied

Yes and I highly recommend it. They'll be a good resource to help underwrite the deal. 

You'll pay more in fees, but you can keep your cash available for reserves or your next deal.

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