Air Max 2016 Neon

Air Max 2016 Neon

But I don't see any potential pitfalls if he uses a normal secured business loan. Granted, he's going to need some assets/ collateral to borrow against.

Generally speaking, yes. However, some banks, particularly smaller local banks, may have a loan program that may work for you. I like to know about as many banks in my area (as well as the types Nike Air Max Hyperfuse Black

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a buyer, getting a Loan for the sole purpose of purchasing a property in order to turn right around and Flip it, in 3 4 months ( after the minimum 90 Air Max 2016 Neon days has passed ) ?

´╗┐Do most Lenders frown upon

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Air Max 2016 Neon

OP is disingenuous, and takes out a 30 year mortgage with the intention of using it for house flipping, then yes, it may be a problem.

Air Max 2016 Neon

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If I'm looking to get into the Flipping business and Flip a property every 3 4 months, do most banks/lenders discourage this, since their main way of making a profit on a loan, is the interest they collect from that loan

Banks specifically put prepayment penalties in the loan agreement to act as a premium guarding against this very scenario. They won't "take it personally" they'll take the extra money and close the file.

If OP wants to avoid a prepayment penalty, he could negotiate a short term loan and pay a couple extra points.

Air Max 2016 Neon

Air Max 2016 Neon

Air Max 2016 Neon

Now clearly, if Nike Air Max 2014 Sale Womens

of deals they "like") so that I know who to talk to when I need money. Short term financing is tough using a mortgage. Another thought is to set up a line of credit, secured or unsecured or both, as it is more flexible. Be careful on what you tell your banker you intend to use it for, many don't like to hear that you are using it to BUY real estate

Air Max 2016 Neon

Air Max 2016 Neon

Air Max 2016 Neon

Air Max 2016 Neon

Air Max 2016 Neon

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