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Updated over 8 years ago on . Most recent reply

User Stats

241
Posts
21
Votes
Chad K.
  • Charlotte, NC
21
Votes |
241
Posts

Use asset based lending?

Chad K.
  • Charlotte, NC
Posted

Over the 4th of July weekend I had a idea of doing some fix and flips on my own. I did some research an came across asset based lending an reached out to a lender an he stated that your Fico score dosent play a role. So could I use this as a wholesaler?if so I had the following questions

-What should I expect?

-what would be great terms and condition?

-are they In charge of the flip an bringing their own contruction crew?

-any recommendations?

-any red flags to look out for?

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