Rehab Fix-Flip loans
Hi I'm an experienced realestate fix and flip investor. I started looking into fix-flip loans to grow and take our business to the next level. I have good credit. Just shocked to see all these crazy fees associated with these loans. I would like to hear some stories and scenarios of someone's successfully CLOSED loan and how it worked for them. (Please only respond if you closed on a rehab loan) I see a lot of horror stories on here. I know theirs good companies out there that are fair.
Example:
80k purchase
30k rehab
What are the cost and term of a loan like this for 6 months?