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Updated over 8 years ago on . Most recent reply

Alexander Magana's profile image
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Alexander Magana
  • from Rogers, Arkansas
  • Member since Nov 18, 2016
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Alexander Magana's profile image
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Alexander Magana
  • from Rogers, Arkansas
  • Member since Nov 18, 2016
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Alexander Magana
  • Rogers, AR
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Rehabbing & House Flipping

advise on how to get a mortgage to buy and flip

Alexander Magana
  • Rogers, AR
Posted

looking for advice. I visited 4 different banks today and ask about a mortgage to buy and flip, I was told I have to have a 15% downpayment. what can I do? any advice? thanks guys.

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied

You could save up a down payment.

Alternatively, you could pull equity out of other real estate you own.

  • HELOC.
  • Cash out refinance.
  • Private subordinate mortgage(s).
  • Chris Mason
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