How Do You Finance Your Fix & Flip Projects? Let’s Talk Financing Options!

[Clint Miller]

Hey BiggerPockets Community!

I’m curious to hear about how everyone here is financing their fix & flip projects. Whether you're a seasoned investor or just getting started, finding the right financing can make or break a deal.

Would love to hear your experiences, tips, and any questions you might have about securing financing for flips. Let’s share insights and help each other out!

[Garrett Brown]

I have done a few flips and used hard money and local banks. Hard money is easier to get, but the deal has to be a home run. I had a bad first experience where they kept changing how much I had to put down. It went from 85% purchase price covered to 65% even after the deal had been analyzed by them extensively prior. I had enough to cover it, and the deal ended up being a great win overall. 
My best one has been in more rural areas, though, and using local banks. It took a little while to get them to trust me, but we've developed great relationships over time.