Getting a fix and flip loan isn’t just about having a good deal—it’s about knowing how to structure your entire project from purchase to resale. With tighter margins and higher financing costs in today’s market, planning ahead is more important than ever.
If you’re a new real estate investor looking to finance your next (or first) deal, getting approved for a loan isn’t just about finding a lender. It’s about putting your best foot forward. At Flipside Lending, we work with new investors every week—and we’ve seen where deals can fall apart.
When closing a real estate transaction, a mortgage payoff statement is a critical document. But beyond just being a formality, understanding when and how to order a payoff statement can make a difference in whether a deal goes smoothly or falls apart at the last minute.
When it comes to real estate financing, a Letter of Intent (LOI) is often the first step toward securing a loan. But not all LOIs are created equal. Some lenders give them out like candy, barely understanding the deal in attempts to lock in clients. Others take a more thoughtful approach, ensuring that an LOI reflects a properly vetted deal.
