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Updated about 1 year ago on . Most recent reply

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140
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Peyton LaBarbera
  • Investor
  • Connecticut
27
Votes |
140
Posts

What are all of my options for financing a fix and flip project?

Peyton LaBarbera
  • Investor
  • Connecticut
Posted

I am starting to research flipping and was wondering what are ALL of my options for loans, so far I have read up on hard money loans but I was also wondering if hard money lenders offer hard money loans that roll in the costs for renovations.

Thank you to all that reply

Most Popular Reply

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Jake Baker
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Flipper/Rehabber
  • San Diego, CA
596
Votes |
884
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Jake Baker
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Flipper/Rehabber
  • San Diego, CA
Replied

@Peyton LaBarbera

We do 20 Flips/BRRRRs per year in Jacksonville FL and we fund with a combination of Hard Money and Private Money.

Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.

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