Lenders on conventional loan fix and flips

[Angel Garibay]

So now with all the market uncertainty there are a lot of deals out there that have been on the market anywhere from 14-60 days that have not gotten any offers. I’ve noticed that some are in really great neighborhoods that only need a cosmetic rehab and are asking a lower price. I was wondering what kind of terms different companies and people are offering on a conventional loan fix and flip. I’ve talked to some hard money lenders that refuse to be middle men to a bank and have talked to ones that said they r willing to lend on that type of deal. I have calculated the rehab costs and vetted each individual deal to the best of my ability. Is there anything else that anyone can recommend that I could do to possibly make myself a more appealing candidate to a lender? This would be my first deal. So that seems to be an issue when I am addressing a lender.