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| Why are Fix & Flip loans more flexible than traditional Bank http://forum.kpn-interactive.com/viewtopic.php?f=3&t=122308 |
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| Author: | EmilyPears [ Mon Jun 27, 2022 6:15 pm ] |
| Post subject: | Why are Fix & Flip loans more flexible than traditional Bank |
Flexibility in fix and flip loans comes from fewer regulations attached to the approval of the loan. In many cases, you can get the approval fairly easily and without waiting too long. Whereas, Bank and Credit union’s approval may follow strict rules and regulations, and their process can be unpredictable and time-consuming. With people moving in and out of a rental property, time from your day will be needed to clean and sanitize the interior. Getting new tenants would require you to create a system for recording information and collecting keys from leaving tenants. To lessen your responsibilities, a functional management platform can be essential in making a key difference. This can also be an excellent way to track income against your short-term rental loan. |
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