Rural Property Renovation Financing: Enhancing and Flipping Opportunities

Rural Property Renovation Financing: Enhancing and Flipping Opportunities

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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

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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.