5/18/11 West Palm Beach FL - Finance Solutions Of America announced the establishment of its residential Fix&Flip program to real estate investors.
The investor locates a property in their local market and enters into a joint venture contract with the company.
Finance Solutions arranges financing up to 70% of ARV and the investor is responsible for arranging all rehab work. Profit split is 75% to the investor.
The following states are currently included in this program:
Arizona Colorado Georgia Idaho Nebraska Nevada
New Mexico North Carolina Oregon Texas Utah Virginia Washington and West Virginia
SFR ONLY! - No loan payments during the rehab phase, all fees and points (exclusive of a BPO processing fee of $1,00) are collected at the time of resale.
Finance Solutions is looking for seasoned rehab pros with a track record.
No minimum credit score required, no financial statements or tax returns required, the financing is strictly based on the project value.
