EP 24 - Mortgage Mondays with Kim Nguyen: How to Finance Your Fix-and-Flip Project

For this episode, we have Kim Nguyen joining us again for Mortgage Mondays where we go over the various forms of financing available for a real estate flip project and the benefits and pitfalls of each.  

If you're thinking of doing a fix-and-flip, this is one episode you don't want to miss!

Show Notes: 

Different avenues for fix-and-flip financing:Traditional bank financing with open term mortgagePrivate financing – may require less money up front and doesn’t appear on your credit reportLooking at double-digit interest rates with private lendingAmount of lending available based on After Repair Value (ARV)Banks are not a fan of flippers so private lending may be better route if you’re a regular fix and flipperMight be able to stay off bank blacklist if you hold the property for at least a yearEasier to qualify for private financing vs banksGo over what private lenders look for when qualifying a fix-and-flipperBRRR Strategy may be a better strategy to utilize with banksYou can reach Kim at [email protected]

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