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20 October 2021 | 0 replies
I have been hearing a lot of talk that Fix and Flip is dead with some companies focusing on other "Hot" areas of lending.
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21 October 2021 | 1 reply
This doesn't work, how do i get them to lend on just the appraisal price after repairs without having to wait 6-12 months
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21 October 2021 | 2 replies
Hey Rodney, we can lend on Multifamily 5+ Units and Mixed-Use properties.
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27 October 2021 | 16 replies
Also if you want to do the refinance part of the BRRR, most banks will not lend you money on houses under $100K.
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28 October 2021 | 19 replies
If they are/become accredited investors, they buy into institutional grade $50-125M projects with as little as $100,000 and diversify.
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28 October 2021 | 2 replies
Or asked about portfolio lending?
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21 October 2021 | 4 replies
@Jaron Walling you can take a loan of up to 50k against your 401k and you have to pay it back within 5 years at 1-2 points above prime lending rate.
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23 October 2021 | 15 replies
@David Taylor I would suggest having one lender as a backup in your home town (proximity to you) that can lend to all markets you're looking into just IN CASE you cannot find a local (proximity to the property) lender.
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25 October 2021 | 7 replies
I could also move on to multi family so that more units are acquired per transaction but wonder how much of a different beast it is than SFH and if I'd have to start competing with institutions and folks who invest full time, are better resourced, and have creative financing options that I'm unaware of and/or are inaccessible to me.Thanks for making it all the way to the end!
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21 October 2021 | 4 replies
If you can develop a relationship with a community bank or credit union they are more likely to be flexible on their lending requirements.