We have multiple borrower right now that we did flip or new construction loans for that have their properties sitting on the market and we're moving them into DSCRs.

Some say finding the deal is the battle… others say financing it fast enough is the challenge.A few trends I’m seeing:• More investors are buying lighter cosmetic flips• Private lending is replacing conventional financing• Rehab budgets are rising due to material cost increases• Speed is becoming the biggest competitive advantageFor the investors actively flipping — what’s the bottleneck for you right now?

@Dustin SmalleyIt makes sense with prices softening in most markets that flips become riskier.

Quote from @Alycia Scantland: Hi everyone,I’m hoping to get advice from anyone experienced with hard-money lending, distressed projects, or investor defaults.In December 2023, I invested a $80k with a small local investment group for two fix-and-flip projects.I was given a promissory note stating a 3 month turnaround, a 15% fixed return, and additional compensation if the project ran late.They finally contacted me in October 2024 saying the projects had been mismanaged and they were unable to sell both of the properties as planned.They asked me to release my original liens so they could attempt a short sale, and moved my liens onto a different property in Wheat Ridge, near the Denver market for two $49k liens (original loan plus interest incurred) One month later, they informed me they had not started and would not be finishing the project, were considering bankruptcy, and that the property would likely go into foreclosure.They told me the only way I could recover my investment was to take over the project myself.In December 2024, before I ever agreed, they recorded a quitclaim deed transferring the property to me and listed the sale amount as $98k, which was my lien amount on the property, though I never agreed to release those.

“I’m gonna flip a few houses first, stack some cash, then get rentals.”

Many of our loans are for MLS flips.

I'm about to finish my first ever flip in Breckenridge Hill in St Louis.

This being our first fix and flip we have a pretty good knowledge of all the nuances that goes into it.

Only one is a fix and flip.

Its going to be really hard to be profitable on a flip unless 1 of you project manages things.