Updated about 7 years ago on . Most recent reply
Loan terms for 48 hour flip?
Loan amount is about $85K, and 2~3 day turn around. I have worked with the borrower for a while on longer term deals. I'm thinking higher points should be fair in this situation. What are your thoughts?
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Andrew Postell
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Shu Zhu if you are comfortable lending the funds to your customer then go for it. Higher points might be ok but we don't want to drive a good customer away. Just be fair about it and if you do need to charge a little higher to make up for the work be up front with the customer about it and reinforce that you value their business. If it's a good deal for your customer they should be understandable. Good luck!