Creative borrowing to fund a fix and flip
Hi, I had my own handyman service doing renovations for investors till August 2016 when I was sitting at a red light and rear ended. My truck was totaled, luckily he had great insurance, problem is it’s going to trial so hurry up and wait. I want to buy a low cost fix and flip, but being out of work since the accident credit is not an option. So I’m looking to borrow $40k for 2 years, and am willing to use accident settlement as promissory note, or property purchase lean or both if necessary. I want to get going on this but waiting for settlement is slow. I’ve checked out companies like Oasis who do settlement lending and they only do small amounts.Any advice or suggestions would be great. Currently I live in Florida but I’m open to moving to another state and a smaller town lifestyle. Thanks