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Updated about 8 years ago, 10/24/2016
Fix and Flip Loans
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!