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Rural Property Renovation Financing: Enhancing and Flipping Opportunities
Rural Property Renovation Financing: Enhancing and Flipping Opportunities
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
Q: Hey Beau, I am having trouble getting a lender on board with a flip that I am under contract
with in rural Northern California. Any tips on finding a fix and flip lender?
Thanks,
Alex
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Timestamps:
[00:01] Question from Alex about finding a fix and flip lender in rural Northern California.
[00:31] Institutional hard money lenders often have restrictions on lending in designated rural areas.
[01:00] The availability of lenders willing to lend in rural areas, although the pricing may be higher.
[01:42] Mentions the loan terms such as 85% to 90% of purchase, 100% of repair costs, and up to 70% of ARV (after repair value).
💥 Thanks for watching 💥
#ruralproperty #renovationfinancing #fixandfliplender
About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
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