EP 24 - MORTGAGE MONDAYS WITH KIM NGUYEN: HOW TO FINANCE YOUR FIX-AND-FLIP PROJECT - CWHO - Commonwealth Home Ownership
17960
bp-nouveau,post-template-default,single,single-post,postid-17960,single-format-standard,admin-bar,no-customize-support,edd-test-mode,pmpro-body-has-access,ctdb-layout-classic,ctdb-archive-layout-classic,ctdb-cwho,ctdb-user-cannot-view,ctdb-user-cannot-post,ajax_fade,page_not_loaded,,qode_grid_1300,qode-child-theme-ver-1.0,qode-theme-ver-14.4,qode-theme-bridge,wpb-js-composer js-comp-ver-5.4.7,vc_responsive,elementor-default,elementor-template-full-width,elementor-kit-17137,elementor-page elementor-page-17960,elementor-page-17575,no-js

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 mortgage
    • Private financing – may require less money up front and doesn’t appear on your credit report
    • Looking at double-digit interest rates with private lending
  • Amount 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 flipper
  • Might be able to stay off bank blacklist if you hold the property for at least a year
  • Easier to qualify for private financing vs banks
  • Go over what private lenders look for when qualifying a fix-and-flipper
  • BRRR Strategy may be a better strategy to utilize with banks
  • You can reach Kim at mtg@kimngyn.com For more episodes and content on how to become a better investor, check us out at cwho.ca.
This website uses cookies for analytics purposes only.

For more information please read our cookie policy

CWHO Free Membership

Achieve financial freedom through the power of real estate.

Skip to toolbar