All Forum Posts by: Doran Summers

AMY do you have any experience? How many flips have you completed in the past 12 months?

Honestly it depends on your credit score. If it’s 660 there’s a few lenders who can do it for 6.45%.

@Ray Thorsen, are you looking for a bank only or willing to use hard money?

@lukas is this your first deal? It’s a lot of risk working with newbies as most lenders may not work work first time flips.

Could you tell me more about the type of properties? Purchase price, rehab budget and arv?

I agree with Ryan. Maybe find a 3/1 or 5/1 arm with 30 yr term with no ballon and then refi with a Bank in a few years if possible.

What are the value of each property and do you have credit score over 650? Not sure why you not able to refi but 15% is very very high on rates. I’m interested in seeing how you able to have positive cash flow with those rates.

What are the terms on the cashout refi?

What’s the current value? What’s your credit score?

@adam Drummond, if you purchased it with cash you can get 50% ltv. Don’t know if $25,000 will work for you.