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Updated 10 months ago,

User Stats

8
Posts
6
Votes
William Burns
Pro Member
  • Real Estate Agent
  • Michigan
6
Votes |
8
Posts

Non-Conventional Financing Fix & Flips

William Burns
Pro Member
  • Real Estate Agent
  • Michigan
Posted

I have been seeing more opportunities for fix and flips lately. When it comes to financing a flipper home it can be tough. Does anyone have a source for hardmoney or some type of house flipping loan they would recommend?

I have reached out to KIAVI and was denied from their process due to lack of credit history. Normal Conventional loans do not support these types of projects because of the conditions of the homes. 

I have enough capital to finance the upgrades needed & to put 20% down on these home. Also I would be able to comfortably pay a monthly "mortgage" for a 12 month loan as well, while the project is rolling. 

What are some of your recommendations for financing when you do not have 100% of the cash on hand for a deal? 

  • William Burns
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