Anyone else closing Fix & Flip deals without appraisals?

[Joyce Ann Magallanes]

Something worth knowing if you're actively flipping or about to pull the trigger on a deal.

Private lending has gotten a lot more flexible. No appraisal, no upfront costs, and closings happening in as little as 48 hours on clean deals. Up to 90–100% of purchase and rehab covered*, and FICO as low as 620 qualifies though lower scores typically come with prepaid interest factored in, so run your numbers accordingly.

The deal does most of the talking. If the numbers work, the financing moves fast.

What's slowing most of you down right now — finding the deal or funding it?

*Rates, LTV, and program terms are subject to change and vary based on borrower credit profile, property type, and market conditions. Not all applicants or properties will qualify. This is not a commitment to lend.