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Updated almost 12 years ago on . Most recent reply

User Stats

1,029
Posts
205
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John Moore
  • House Flipper
  • East Stroudsburg, PA
205
Votes |
1,029
Posts

Rehab Flip end loan financingI

John Moore
  • House Flipper
  • East Stroudsburg, PA
Posted

Have encountered difficulties in obtaining end loan financing for new buyers when the spread between acquisition cost and selling price is significant. We are able to do quick flips but are challanged by mortgage comapnies when end loan mortgages are applied for. How do you handle this? We attempt to acquire bargain priced houses, improve them and then sell at market as soon as possible to reduce carrying cost, but the spread and time factor are being questioned. Please share your experience.

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