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Updated almost 3 years ago on . Most recent reply

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43
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7
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Ben Boru
7
Votes |
43
Posts

LOANS for a House FLIP???

Ben Boru
Posted

I am in West Michigan and looking to get a house flip underway. I want to buy it from a home owner directly preforclosure. Where do I go for financing something like this? I have good credit. (7.5)

Most Popular Reply

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112
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77
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Ronnie Galindo
  • Realtor
  • Napa, CA
77
Votes |
112
Posts
Ronnie Galindo
  • Realtor
  • Napa, CA
Replied

@Ben Boru, call hard money lenders! Some people will shy away from hard money but I have used them several times and they are great! Even though you pay more interest (usually your payment is just the interest and when you refinance/sell you pay their loan off) it is worth it to make it happen! Everything depends on lots of factors (credit, reserves, project, scope of work, etc.) but if you have the will, there is a way! Good luck! 

And if you have questions, message me and I can try to help!

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