Want to rehab but concerned about market risk

[Alex Silang]

So I’m eyeing a property and I’m really thinking about a fix and flip loan.

I’m just really concerned about the market risk. For example, if there was something like a global pandemic or credit market crash, I might not be able to get a refinance loan. That’d force me to sell the property early (my specialty lender that I use only has a 12-18 month term). That’d force me to sell the property, and there’s a good chance that the RE market would be crashing at this time.

I know the chances of this is slight, but I’d love to hear your comments on this.