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Updated almost 3 years ago on . Most recent reply
How to pay back a flix and flip loan
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?
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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.