How To - Approach A Lender For Your Flip Financing

When dealing with smaller local lenders rather than banks, it is important to understand that the way you are being looked at is different than what most people are used to. Banks normally underwrite a person on tax returns, W2s, income, credit etc. A local investment lender is probably focused heavily on the asset first and then a few other things second. In order to get the most money for your deal, you will want to 'speak the language' when you talk to your lender. Be sure to know your market, have an accurate ARV as well as detailed construction numbers. That is the foundation to the conversation.

Ian Walsh

215.839.3271

[email protected]

Google+