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Updated about 8 years ago on . Most recent reply

User Stats

30
Posts
6
Votes
Jerad Miller
  • Seville, OH
6
Votes |
30
Posts

Need help with flip financing

Jerad Miller
  • Seville, OH
Posted

Hello all,

My father in law and I are looking for our first flip. We located one that we would like to place an offer on however the bank that owns it is requiring a full pre approval with all offers. If you don't have it they will not accept your offer. Right now our market is absolutely crazy. Inventory is serverly low and when something does pop up at a great price you have to move at light speed. I was originally talking to lending home about their fix and flip loans but they don't offer a full pre approval, just a letter of prequalification. Not sure where to go from here. Any help would be really appreciated. Thanks! 

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