Updated about 2 months ago on . Most recent reply
Need some tips please
Anyone Familiar with Backflip (Hard Money Lender)? Looking for Similar Lenders - No Interest for 6 Months or 100% Financing
Hey everyone,
I'm looking to connect with anyone who has experience using Backflip as a hard money lender. I'm particularly interested in their model where they offer no interest payments for the first 6 months (or until you refinance), and potentially 100% financing for both the acquisition and rehab.
If you've used them before: What was your experience like? How easy was the draw process? What % did they actually cover of the deal (purchase + rehab)? Any hidden fees or issues I should watch out for?
Also, I'm looking for similar lenders who offer: No interest payments for the first few months or until refi Full acquisition + rehab funding . Nationwide (or at least
available in IL)
I've done a few deals already, so I have some experience under my belt, but I'm trying to scale and looking for more flexible lending partners.
Appreciate any tips, lender names, or personal experiences you're willing to share!