Fix and Flip funding

[Jose Laffitte]

Hello All,

I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs. Has anyone used BackFlip to fund any deals?

[Logan Singleton]

Hi Jose, 

I first heard about Backflip a few weeks ago, and I haven't run into anyone who has funded a loan with them yet. However, based on their website, they do offer competitive programs for fix-and-flip investors. Please keep us posted if you end up using them as your lender. 

[Katie Smith]

Hi Jose. Congrats on making your leap into REI! Have you looked on your local REIA websites to see what lenders sponsor the monthly events? I recommend looking at reviews as well, and if they're BBB accredited - then that's also a green flag. Happy to connect.

[Jacob Sherman]

Feel free to reach out anytime with any questions 

[Bill J Fay]

Check out BP's tab:
Find a Hard Money Lender - Best Hard Money Lenders Near Me (biggerpockets.com)

[AJ Exner]

Quote from @Jose Laffitte:

Hello All,

I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs. Has anyone used BackFlip to fund any deals?

Hey Jose,

Yes, I have worked with them multiple times and they are very solid. I have found that their sweet spot is after you have flipped 2 properties, as they have a number of programs (Zero Gravity, Double-Double, and standard) that can suit your deal and what you need at that time.

Happy to help navigate it if you are needing some help breaking them down.

Good luck!

[Erik Estrada]

Quote from @Jose Laffitte:

Hello All,

I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs. Has anyone used BackFlip to fund any deals?

 Hey Jose, 

What led you to use them and what terms are they proposing to you? 

[Jose Laffitte]

Quote from @Erik Estrada:

Quote from @Jose Laffitte:

Hello All,

I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs. Has anyone used BackFlip to fund any deals?

 Hey Jose, 

What led you to use them and what terms are they proposing to you? 

Hey Erik,

a youtube ad led me to them nothing in specific.

[Erik Estrada]

Quote from @Jose Laffitte:

Quote from @Erik Estrada:

Quote from @Jose Laffitte:

Hello All,

I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs. Has anyone used BackFlip to fund any deals?

 Hey Jose, 

What led you to use them and what terms are they proposing to you? 

Hey Erik,

a youtube ad led me to them nothing in specific.

 Oh okay got it. Do they have any reviews?

[Shane Kluiter]

Our Brokerage works with Backflip. They have competitive programs. I you'd like can give you an overview of the funding landscape in non-QM.

[Roger Flot]

I am currently doing a fix and flip loan with Backflip.  The experience is working out pretty well.

I think their goal is to be your one-stop-shop for the whole process and that will suit me going forward. They have an app that you can run comps on, play with rehab budgets, do ARV calculations as you drive for dollars and apply for the loan on the spot. The app gives immediate scores on what is a good deal and what may need more consideration to make it a good deal. They are in partnership with Obie for Fix & Flip type insurance (builders risk, etc).

They are big on education and partnership. They sponsor biweekly webinars, where they encourage Q&A on many topics in the Fix & Flip landscape.

The draw process seems standard (what you would expect) and makes sense. There are strategies that you can utilize here that can make it easier as well. They help monitor your progress and answer calls and texts swiftly.  My customer service rep is a flipper and I love that because he knows why I want to do what I want to do and can discuss the approaches with knowledge.

So far, the experience has been positive. I am coming near the end of this project and have already started plugging in some new addresses to run comps and get a jump on the ARV calculations to improve my experience going forward. There are no commitals until it works for you and there are no regulations or fees associated with using the app.

Feel free to DM me to find out more. I can recommend you to my guy, he's great!

[Charlice Arnold]

Quote from @Jose Laffitte:

Hello All,

I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs. Has anyone used BackFlip to fund any deals?

We have 100% financing joint venture program for fix and flip loans. Would be happy to get on a call to discuss further. Please reach out if interested.

[Jose Laffitte]

Quote from @Charlice Arnold:

Quote from @Jose Laffitte:

Hello All,

I am fairly new to REI and taking some baby steps to do research and find lenders that will fit my needs. Has anyone used BackFlip to fund any deals?

We have 100% financing joint venture program for fix and flip loans. Would be happy to get on a call to discuss further. Please reach out if interested.

 Hello Charlice,

I will send you a message 

[Arlene Gil]

Quote from @Roger Flot:

I am currently doing a fix and flip loan with Backflip.  The experience is working out pretty well.

I think their goal is to be your one-stop-shop for the whole process and that will suit me going forward. They have an app that you can run comps on, play with rehab budgets, do ARV calculations as you drive for dollars and apply for the loan on the spot. The app gives immediate scores on what is a good deal and what may need more consideration to make it a good deal. They are in partnership with Obie for Fix & Flip type insurance (builders risk, etc).

They are big on education and partnership. They sponsor biweekly webinars, where they encourage Q&A on many topics in the Fix & Flip landscape.

The draw process seems standard (what you would expect) and makes sense. There are strategies that you can utilize here that can make it easier as well. They help monitor your progress and answer calls and texts swiftly.  My customer service rep is a flipper and I love that because he knows why I want to do what I want to do and can discuss the approaches with knowledge.

So far, the experience has been positive. I am coming near the end of this project and have already started plugging in some new addresses to run comps and get a jump on the ARV calculations to improve my experience going forward. There are no commitals until it works for you and there are no regulations or fees associated with using the app.

Feel free to DM me to find out more. I can recommend you to my guy, he's great!

Hi Roger- Can you please share your contact at Backflip? Thanks!