Rehab Flip end loan financingI
Have encountered difficulties in obtaining end loan financing for new buyers when the spread between acquisition cost and selling price is significant. We are able to do quick flips but are challanged by mortgage comapnies when end loan mortgages are applied for. How do you handle this? We attempt to acquire bargain priced houses, improve them and then sell at market as soon as possible to reduce carrying cost, but the spread and time factor are being questioned. Please share your experience.