Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 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

User Stats

93
Posts
124
Votes
David Garner
  • Investor
  • Ellwood City, PA
124
Votes |
93
Posts
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. 

Loading replies...