funding for flipping

[Billy Gullett]

Has anybody used or heard about the company funding for flipping? I ran across one of their ads and it says interest free loans for flipping for up to 12 months. Any truth in this? Sounds too good to be true. Just trying to see if anyone's tried them before I give it a try. 

[Jay Hinrichs]

@Michael C Gregory  that is not a lender that is a theif... pure and simple.

one thing I think folks really need to understand.. there is 1 point and 5 % money  but this is ONLY going to happen with a federally or state chartered bank that gets to borrow their money from their depositers or govmit.. so their cost of funds is 2 to 3% its how banks make money loaning money.

there is no fantasy land of lenders out there that are going to give investor loans at those rates..

If you cannot walk into your local bank and credit union and based on your relationship with the bank IE large deposits and I am talking in the multi hundreds of thousands.. or very large incomes I am talking in the multi hundreds of thousands.. and or very long experience level I am talking decades there is NO money at those rates.

what there is   is money at 9 to 15% or higher.. once you grasped that concept and folks stop wasting time.. then you just plug those numbers into your deals.

Now if your talking about yoru 4 mortgage slots for rentals that's a whole nother story but if your looking for fix and flip type funding etc etc.. the niche is the HML in the country and there are a lot of them

get a copy of the Scottsman guide there are list there of reputable national HML.