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Updated about 2 years ago on . Most recent reply

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7
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2
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Kyle Winters
2
Votes |
7
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Reviews of Figure Lending, LLC

Kyle Winters
Posted

I am wanting to get the opinions of others who have used Figure Lending recently. I have about $125,000 in equity in my primary residence, $85,000 in equity in my 2nd SFH rental, and about $70,000 in equity in my 1st SFH rental. I've used a HELOC from my primary residence to buy my 1st rental, but I'm trying to get capital to buy a BRRR property with cash.

I am self-employed for less than 2 years, so I can't qualify for conventional financing, so wanted to get others experiences with Figure Lending.

I am also open to any other options, I might not be thinking of. I'm looking to use only my funds for this first BRRR and would consider private funding in the future, so that I can show experience.

Thanks in advance for all answers!

Most Popular Reply

User Stats

7
Posts
2
Votes
Kyle Winters
2
Votes |
7
Posts
Kyle Winters
Replied

I did not. They were giving me a very small HELOC that wouldn't have been beneficial. I went with a local credit union in my area and got 90% of the equity in my house to use.

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