Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 408 votes
It is predicted that the number of foreclosures will increase and I would like to capitalize on this as a mechanism to acquire properties. Looking for mechanisms where I can get money to get foreclosures under contract without having to know the exact property in advance. Is there a such thing as a flipper line of credit where the property information can be filled in at later date?
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
@James McGovern
No. But if you have properties you own you could use those as leverage and secure against those but no lender is going to give you basically an unsecured line which would attach if you win a foreclosure sale.