Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Creative Real Estate Financing
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 about 8 years ago, 10/24/2016

User Stats

25
Posts
5
Votes
Sharaya Rutherford
  • Real Estate Agent
  • Grovetown, GA
5
Votes |
25
Posts

Fix and Flip Loans

Sharaya Rutherford
  • Real Estate Agent
  • Grovetown, GA
Posted

Hello all! I'm getting ready to start flipping houses and I have a few newb questions for you all.

I've been looking at using either a line of credit or a fix and flip loan. So far, I'm leaning more toward the fix and flip loan.

I've been talking to LendingOne because I saw them on the list of HML in my area (Augusta, GA) on this site. I'm in the middle of filling out the pre-approval application and there's a whole section that asks about my "entity" which makes me think they only loan to people with experience. Nevertheless, I'm going to give them a try anyway. With that being said....

What kind of questions should I be asking them? I'm new but I don't want to be scammed.

Do you know anything about this company? Am I relatively safe working with them.

If not, or if you don't know about them, are there any companies you would recommend?

Thank you for your time!

Loading replies...