I recently started doing fix and flips and I want to try and get a loan from the bank through my business. My question to you all is what do banks normally look for when trying to finance a loan through your business?
You'd be better off reaching out to Hard money lenders.
As a general rule, banks are not in the business of funding fix and flips deals. Too risky for them.
@Patrice Penda so how would you approach them to get a loan through your business ?
Call them or take a look at the information provided on their website.
Here is an example of hard Money lender that did a great job at providing the information on their website.
If you want to be quick at getting the info, call them.
But there are a lot more other hard money lenders.
You can find a directory of those hard money lender on BP
Hope it helps
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you