Fix & Flip

Fix and Flip properties can provide a great income, but without the right lender, you may be given up too much!  Previously I discussed hard money-lenders, typically require a minimum of 20% down, more if not experienced, charge 3-5 points and normally 12-15 percent interest along with require you to share up to 50% of your profit.  (Typical example, $300,000 purchase price, 4 points, $12,000, 20% down, $60,000, plus 50% of your profit...) 

Your typical bank who funds fix and flip investors require a minimum of 25% investment, normally charge 1.5 - 3 points and 5.5% or higher interest rate.  (Typical example, $300,000 purchase price, 2 points, $6,000, plus 25% down, $75,000)

If you want to experience a national lender with a home town feel and obtain the financing you need, then consider no up front cost, no points and no sharing of your hard work!  Just contact: Michael@MerchantBankingResources.com    #quick #apply 1 page #application 24 hour #approval #nationwide https://mikeyourlender.blogspot.com/