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Updated about 3 years ago on . Most recent reply

Account Closed
  • Investor
  • Des Moines, IA
4
Votes |
32
Posts

How to pay back a flix and flip loan

Account Closed
  • Investor
  • Des Moines, IA
Posted

I'm new to investing and the flix and flip loan I'm thinking of applying for have a maximum loan period of 12 months (you could apply for an extension) but how would I pay back the loan if I'm not able to cash out refi or have a seasoning period of 12 months or else?

Most Popular Reply

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93
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David Garner
  • Investor
  • Ellwood City, PA
124
Votes |
93
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David Garner
  • Investor
  • Ellwood City, PA
Replied
Quote from @Account Closed:

I'm new to investing and the flix and flip loan I'm thinking of applying for have a maximum loan period of 12 months (you could apply for an extension) but how would I pay back the loan if I'm not able to cash out refi or have a seasoning period of 12 months or else?


Unless as something drastic happens, you should be fine to access your refi. Make sure to speak to as many lenders as possible so you properly understand their seasoning requirements. 

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