Ideas On Financing Your Next Flip...
Funding a flip can be difficult with conventional financing. Here are a few ideas on funding....
- Hard money or private money ..... You can than do a cash out refinance after 6 months based on after repair value. You can do this for mortgaged properties 1-6.
- Do you have equity in your primary or an investment property? You can do a cash out refinance or a HELOC. You can then fund the property with this money and then do a cash out refinance immediately afterwards based on purchase price plus closing costs as long as no money was taken out on this property.
- Financing your rehab ......... Can be done with credit union credit cards - or some other form of low interest rate loans.
- See cash out refinancing and delayed financing blogs for some more information on these financing options.
This information is accurate as of the time of posting. Please also verify the accuracy of this information at the time you are considering these options as guidelines change.
Comments