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191
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20
Votes
Greg Anderson
  • Denver, CO
20
Votes |
191
Posts

Now Approved to Offer Fix and Flip Loans in 48 States

Greg Anderson
  • Denver, CO
Posted Jan 12 2017, 13:17

Hard $ fix and flip loans. 700 score gets you 70% of ARV. $50,000 minimum loan amount. Scores as low as 540. LTV drops with credit score. Down payment goes up as score goes down. Borrower must have 10% of total purchase price, rehab costs and closing costs as a down payment. No 100% financing available. Single family homes, duplex, tri-plex, 4-plex. No condo or town homes. Contact me here or directly at [email protected]. LLC preferred for title. Hard $. Fees apply.

Offering

User Stats

54
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6
Votes
Hip Rodriguez
  • Chicago, IL
6
Votes |
54
Posts
Hip Rodriguez
  • Chicago, IL
Replied Jan 12 2017, 20:34

Hi Greg,

What kind of rates with a 700 score and 10% down?

User Stats

191
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20
Votes
Greg Anderson
  • Denver, CO
20
Votes |
191
Posts
Greg Anderson
  • Denver, CO
Replied Jan 13 2017, 06:10

Hi Hip. 12.99, interest only payment. No prepayment penalty. Sell whenever you want...thanks, Greg

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User Stats

191
Posts
20
Votes
Greg Anderson
  • Denver, CO
20
Votes |
191
Posts
Greg Anderson
  • Denver, CO
Replied Jan 13 2017, 06:12

Hi Hip. 12.99%. Interest only payment. No prepayment penalty. Sell whenever you want....thanks, Greg 

User Stats

54
Posts
6
Votes
Hip Rodriguez
  • Chicago, IL
6
Votes |
54
Posts
Hip Rodriguez
  • Chicago, IL
Replied Jan 13 2017, 11:48

Hi Greg, 

On a 150,000 loan can you ball park how much the fees would be including points if any.

You can message me if you want to take this off line.

Thanks.

User Stats

191
Posts
20
Votes
Greg Anderson
  • Denver, CO
20
Votes |
191
Posts
Greg Anderson
  • Denver, CO
Replied Jan 13 2017, 12:18

Hip. I would need a guess on your rehab budget to give you that #. Does not have to be exact....$ to close for you with a 700 score is 10% of purchase price, rehab $ and closing costs is ..... what is your purchase price and what are your rehab costs?thanks, Greg  

User Stats

54
Posts
6
Votes
Hip Rodriguez
  • Chicago, IL
6
Votes |
54
Posts
Hip Rodriguez
  • Chicago, IL
Replied Jan 13 2017, 12:40

Greg.  Here are the five offers that I have put in within the last two days;

User Stats

191
Posts
20
Votes
Greg Anderson
  • Denver, CO
20
Votes |
191
Posts
Greg Anderson
  • Denver, CO
Replied Jan 13 2017, 13:08

I'll just do #1. cash needed in that deal would be approximately $11,130. purchase price + rehab + closing cost = $111,300. 10% of that is $11,130

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21
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3
Votes
Jesse Christensen
  • Flipper/Rehabber
  • Sioux Falls, SD
3
Votes |
21
Posts
Jesse Christensen
  • Flipper/Rehabber
  • Sioux Falls, SD
Replied Jan 13 2017, 13:58

Do you lend in South Dakota?

User Stats

191
Posts
20
Votes
Greg Anderson
  • Denver, CO
20
Votes |
191
Posts
Greg Anderson
  • Denver, CO
Replied Jan 13 2017, 14:09

All 48 states Jesse. Only states not on the list are Hawaii and Alaska. 

User Stats

21
Posts
3
Votes
Jesse Christensen
  • Flipper/Rehabber
  • Sioux Falls, SD
3
Votes |
21
Posts
Jesse Christensen
  • Flipper/Rehabber
  • Sioux Falls, SD
Replied Jan 14 2017, 11:31

@Greg Anderson I will email you!

User Stats

191
Posts
20
Votes
Greg Anderson
  • Denver, CO
20
Votes |
191
Posts
Greg Anderson
  • Denver, CO
Replied Jan 14 2017, 12:25

Please do. Love to hear from you. [email protected]

User Stats

21
Posts
3
Votes
Jesse Christensen
  • Flipper/Rehabber
  • Sioux Falls, SD
3
Votes |
21
Posts
Jesse Christensen
  • Flipper/Rehabber
  • Sioux Falls, SD
Replied Jan 14 2017, 18:50

@Greg Anderson .Sent you an email

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