Experience Requirements for Rehab Fix & Flip Loans by LendingOne

– We typically work with experienced investors. Although from time to time we can work with new investors. Most of.


– We typically work with
experienced investors. Although from time to time we
can work with new investors. Most of the new investors
we work with have related experience in real estate
whether they’re an architect, or a contractor or realtor. Anyone without any related
experience it’s really just case by case whether or not
we can get them approved for funding. The biggest mistake I see
with, with most investors, especially with new investors
is that they underestimate the time it’s going to
take to complete a project. As well as any overages. So what we’ve done is we’ll
allow for all of our bridge loans a 12 month term. And you can also bake
in a 10% contingency fee in your construction budget
to help you account for any overages in the construction. (gentle music)

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