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Updated 28 days ago on . Most recent reply

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36
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20
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Kelly Schroeder
20
Votes |
36
Posts

How Are You Funding Your Flips?

Kelly Schroeder
Posted

I’ve been hearing from a lot of investors lately who’ve had great deals slip away simply because their bank couldn’t move fast enough.

By the time the loan officer got around to approving the deal, the property was gone.

I’m curious — for those of you doing fix & flips:

- How are you speeding up the financing process?

- Are you using private lenders, cash, or something else entirely?

- Any tips for getting purchase + rehab funded quickly?

In my own work with investors, I’ve seen fast-approval, investor-focused lending make the difference between landing a deal and losing it.

It’s eye-opening how much smoother a project runs when funding is lined up in days instead of weeks.

Let’s hear it — what’s your fastest funding experience? And what slowed you down the most?

Most Popular Reply

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96
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45
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Sultan Ali#2 Rehabbing & House Flipping Contributor
  • Wholesaler
  • Irvington, NJ
45
Votes |
96
Posts
Sultan Ali#2 Rehabbing & House Flipping Contributor
  • Wholesaler
  • Irvington, NJ
Replied

I’ve noticed a similar trend timing kills more deals than pricing in some cases. Many investors I work with keep a few go-to private lenders and even backup lenders so they can get same week approvals.

Curious to know what type of properties you’ve been targeting lately. Sometimes matching the funding strategy to the deal type can shave days off the process.

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