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Updated over 6 years ago,

User Stats

314
Posts
199
Votes
Forrest Williams
  • Real Estate Agent
  • Chicagoland
199
Votes |
314
Posts

Funding a flip through a big box store

Forrest Williams
  • Real Estate Agent
  • Chicagoland
Posted

Home Depot offers a 55k project loan to finance home repairs. I assume other big box stores have similar deals. Is it worth it to buy a foreclosed house and use that loan to finace the flip? Basically using the loan to have Home Depot/Lowes do all the installation and changes. You would be stuck with their products yes, but it might save time. Has anyone tried this strategy? Is it worth it? Does it cut into profit margins too much?

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