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Updated over 2 years ago on . Most recent reply

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Nicholas Moran
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Nicholas Moran
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Rehabbing & House Flipping

1% down Interest only loans?

Nicholas Moran
Posted

Hello my name is Nick Moran. I am a Realtor In the Las Vegas area.  My wife and I just joined BP pro and started the 90 day challenge. We want to flip a house and I am interested in trying to find out how I can get an interest only loan for 1% down on a subject property.  Are there any lenders who you can refer me to? Thank you. 

Las Vegas, Nevada
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Chris Seveney
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@Nicholas Moran

1% down - not sure any private lender would do that - if they did I would expect your rate to be 18-24%.

  • Chris Seveney
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