what lender is great with a first time fix-flip

Question

Greetings everyone,

I'm looking for lenders who can work with a first timer of fix and flip. Can anyone suggest me one?

thank you

Joshua Christensen · Answer

Hey @Omar Ferrer reach out to Account Closed - He's a private lender and is more open to these scenarios.  He requires a 680+ FICO and has good terms for the fix/flip projects.

AJ Exner · Answer

Hey @Omar Ferrer,

For a first timer the biggest differentiator is going to be your FICO. Most lenders will be around 80% Purchase and 100% of rehab if the deal works out, but if you can show them a good FICO then you might be able to creep the initial loan amount up a bit more assuming the loan amount meets the criteria that they want.

Omar Ferrer · Answer

Thank you Givo Aghasi!!!

Givo Aghasi · Answer

@Omar Ferrer Happy to help. Feel free to reach out.

Omar Ferrer · Answer

Awesome, I'll do that!

Omar Ferrer · Answer

Thank you Jacob Sherman!!!

Brayden Hrycko · Answer

Hey @Omar Ferrer,

I'd be happy to help. Feel free to reach out.

Jacob Sherman · Answer

Yes definitely . No income no doc . 30% down on the purchase providing 100% of the construction upto 65% ARV . No reserves or liquidity required either

Omar Ferrer · Answer

Thank you Seth Schneider!!!

Omar Ferrer · Answer

Thank you Joshua Christensen!!!

what lender is great with a first time fix-flip

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