Here’s what I would do if I was flipping a property with a purchase price of $900,000 or more and had no funds…
I’d be using Private lending/ development finance. They will provide 65% to 70% of the purchase
In today’s money it’ll probably be about 10%. There’s also going to be valuation and application fees on top.
So, I’d get 65% to 70% from private lending and then if I didn’t have my own funds, I would top the rest up with money partner funds.
The good thing about Private lending is you don’t have to show serviceability. Like Money Partners you need to provide a funding proposal and the lender will then decide if they like the deal.
