All Forum Posts by: Travis Main
Travis Main has started 1 posts and replied 123 times.
Quote from @Imebette Barkley:
Quote from @Travis Main:
Hey Imebette, The best type of loan for a fix n flip is going to be a bridge loan with rehab. These are typically 12 and 24 month options with interest only payments annualized over 12 months. Bridge loans with rehab will be able to provide you leverage up to 85% of the purchase price + 100% of the rehab cost. If you have any questions on the financing side of things, please send me a message. I would love to see how I could help you out.
So basically the other 15% would be provided by me in cash ?
Yes correct, we would require you to bring the 15% to closing.
Post: Turnkey provider for properties in Ocala, FL
- Posts 124
- Votes 121
Hey Wenqian, you are correct, Ocklahawa is close to Ocala but definitely more rural. The properties tend to have larger lot sizes and tend not to appreciate as quickly. Though, I have investors I work with that do well with their rental properties in that area.
Hey Imebette, The best type of loan for a fix n flip is going to be a bridge loan with rehab. These are typically 12 and 24 month options with interest only payments annualized over 12 months. Bridge loans with rehab will be able to provide you leverage up to 85% of the purchase price + 100% of the rehab cost. If you have any questions on the financing side of things, please send me a message. I would love to see how I could help you out.