Updated almost 2 years ago on . Most recent reply
What are all of my options for financing a fix and flip project?
I am starting to research flipping and was wondering what are ALL of my options for loans, so far I have read up on hard money loans but I was also wondering if hard money lenders offer hard money loans that roll in the costs for renovations.
Thank you to all that reply
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Jake Baker
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Tax & Financial Services
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#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Flipper/Rehabber
- San Diego, CA
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Jake Baker
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Tax & Financial Services
Pro Member
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Flipper/Rehabber
- San Diego, CA
We do 20 Flips/BRRRRs per year in Jacksonville FL and we fund with a combination of Hard Money and Private Money.
Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.
Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.
- Jake Baker
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