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No Doc 70% LTV Results in $50,000 Profit for Borrower
Even with 740+ credit scores a real estate investor looking to purchase, rehab and sell a property was unable to secure financing. ACC Mortgage provided a No Doc, 70% loan-to-value deal. Within 6 months the borrower had rehabbed the property and sold it, resulting in a $50,000 profit.
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RISK AND REWARD - FINDING THE RIGHT BALANCE IN FIX & FLIP LENDING
Sat, 21 Nov 2009 21:12:46 +0000
PROMISES OF FAST AND EASY CASH
We receive hundreds of financing requests each month for fix and flip projects. People think they can make money with no risk and little to no investment of their own money. And why wouldn't they?
Late night infomercials tout seminars "guaranteed to make you money fast in real estate [...]
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