All Forum Posts by: Ashley Larsen

Hey BP, 

Have any of you used gap funding for your flips to cover the closings costs so you can scale and do more at a time or what are you doing?  I can do about 2 at a time but the closing costs and budget overages kill the scale aspect of it for me for me to do more.  

Anyone found lenders still doing low doc 30 yr refinances??

They seem to be like finding a unicorn these day’s! In which I think I’d have better luck finding one of those than the loan right now!

Also im not talking about ones with a ridiculous interest rate. Looking for ones still 5-7%

Hi Everyone,

For those of you that do owner financing where you essentially become the lender, have you ever had the bank call your loan?

If so what happened when they did and how did it affect the current owners who you financed?

@Brian Figueiredo, I'm with everyone else giving up 50% of the profit is very strange.  But No matter how you do it your going to have to come out of pocket with something to close.  Even if you get 100% financing from someone you're still going to need to pay the points and title fees/insurance.   And then your going to need to front your rehab up until your first draw unless you have someone that will be willing to do the work without pay until you get you draw.  Contrary to what you hear, you'll come out of pocket a bit majority of the time, but if you do your numbers back you'll recoup it all and then some in the end!