How To Finance Fix And Flip
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- Опубликовано: 18 окт 2024
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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred either directly or indirectly, using any of the information contained in this document. Also, Kris Krohn, this video, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. Homes and information about homes in this video (if any) are historical examples, where past performance does not predict future results. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
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The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
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Mr. Krohn has a financial interest in MPI Insurance Services, LLC (MPI), a licensed insurance brokerage agency incorporated..
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Thank you for the idea!
Ok thanks for the clarification. I have a conventional loan at the moment. Will be looking into rehab loan.
I’m 21 and I find this so helpful
Literally same
Do you use the loan to actually purchase the property itself and fix it up, or just fix it up?
both
This video is a game change and it is of great help. I will share my experience with you as I recently got fix and flip loans in Los Angeles from First Nation Finance LLC.
how did it pan out?
The real question is.... how do you find them? Lenders ... how do you get a first deal? The real question is HOW do we get the actual fixer upper meaning, we gotta auction talk to the city? ? Pay back taxes owed on property?.
Thank you from🌴 Florida 🌴
You're welcome!
Thank you so much
Thank you from Indiana
How is the equity determined?
How is the property value determined?
This was a tight video.... You guys did great.
Y'all two are the best 😘
4:55 what is the list of questions to ask
So this is with respect to a fix and flip, but what if you want to fix a multi unit property and then rent the units? What type of loan opportunities are there for rehabbing a rental property?
203k loan
Hey kris are you still providing webinars?
So you don’t recommend getting a loan from a bank?
No because banks will check your credit score and it’ll probably go down a few points, not only that but you have to go through an income check as well. And then you’ll probably have to make repayments on the amount you borrowed, after a month, you’re not going to have time to fix the house and sell it, but with the lenders, they’ll give you a year or even up to five years to repair the house and then after that you have to start paying them back. you just have to know the value of the house after repairing and also how much you’ll need for the house to be repaired. You have to do your research before you ask the private lenders for money. You also should guarantee them that you’ll pay the money back. They’re most likely gonna give you the loan !
Can I buy a foreclosure with a conventional loan and sell months later?
Did you get the question asked ?
I’m a private lender with great rates
Plz contact me
Dope
Aye from La
👍🏽
First like
a little late
Did you know, people who use both hands while talking about fact based information are the most likely to be lying.
That laugh is so empty and dark