New Investor - Financing a Fix + Flip?

[Steve A.]

Hi everyone, we finally did it. Took the first step and put an offer on a property. Now we need to finance it. We spoke to Quicken and said they wouldn't finance our investment, because it wasn't a primary residence or vacation home. They also said assets cannot be used when financing investment properties.

Problem is we're not sure how to finance this. Do we say it's a vacation home? Does anybody know a lender in the Seattle area?

Specifics -

Currently own primary residence with mortgage. I am not currently working. My wife's income is about 35k/yr. Combined we have approx. $1million in assets, above and beyond primary residence.

Any ideas how to finance this and any lenders in Seattle area?

Thanks!

Steve

[MJ Hall]

They have awesome loan options. The Fix and Flip sounds like a good direction for you all. Rod is very knowledgeable and a great help. Give him a call and let me know how it goes...

Best, 

MJ

http://www.flipfunding.com/loan-options/