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Updated about 7 years ago,

User Stats

15
Posts
2
Votes
Mary Ann Shlim
  • Northbrook, IL
2
Votes |
15
Posts

Rehab Fix-Flip loans

Mary Ann Shlim
  • Northbrook, IL
Posted

Hi I'm an experienced realestate fix and flip investor. I started looking into fix-flip loans to grow and take our business to the next level. I have good credit. Just shocked to see all these crazy fees associated with these loans. I would like to hear some stories and scenarios of someone's successfully CLOSED loan and how it worked for them. (Please only respond if you closed on a rehab loan) I see a lot of horror stories on here. I know theirs good companies out there that are fair. 

Example:

80k purchase

30k rehab

What are the cost and term of a loan like this for 6 months?

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