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Updated almost 15 years ago on . Most recent reply

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,498
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5,700
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rehabbers and flippers # 2(there is a reason for my madness)

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

I wanted to ask another question regarding the financing, since that seems to be a stumbling block for many on rehabs and flips, unless you have your own cash. Please select from the following list. We have to have a sample term, so for this exercise, it is 12 months or less.

A. I won't pay over 10% interset and no points
B. I'd pay up to 15% interest and no points
C. I'd pay up to 15% interest and up to 5 points
D. I'd pay 15-20% interest and up to 5 points
E. I want to pay no interest and share profits at some %.
F. If I plan to make enough on deal, there is no limit to interest %

After I receive enough replies, I'll share with some thoughts from personal experiences. It might prove helpful to you in your business. Thanks again for your replies. Rich
p.s. I think it will be interesting to all , what the differences are and ...........(my teaser)

Most Popular Reply

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Josh Green
  • Financial Advisor
  • Tampa Area, FL
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Josh Green
  • Financial Advisor
  • Tampa Area, FL
Replied

geez, bill...just pick a letter ;)

B

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