Can anyone close fix and flip in 7 days? I have one now but not sure it's possible since we would need an appraisal. Purchase, date of 11/10

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Comment by Antwan Lee on November 3, 2022 at 7:08pm

Diego,

I have found the same thing. Lenders say they can close in a week, and maybe some can come close to that but that is not counting the appraisal process. I think the quickest you can close a fix & flip loan would be about 2 weeks.

Hope you find it Diego!

Comment by Monty Yeager on November 3, 2022 at 3:26pm

The honest answer is that this is not possible. You need at least 10 days minimum. Unfortunately people like to lie in 2022 so you may get different answers but reality from someone that knows is that it takes a minimum of 10 days and usually at least 15 to 20 days. Two possible companies to check with:

Park Place Finance 866-407-1599

Pimlico - Chad Davis 410-855-4600 chad@pimlicogroup.com

Diego, I am no longer with my previous company but I can broker a flip loan in two weeks. If you need my assistance please let me know. If you want DIRECT funds, try Park Place Finance as they literally have their own money. Their funding is direct in a way that others is not. They actually have money sitting which is almost unheard of. They may be the only one that can come close to your time frame. Also, I have heard that Pimlico is very fast and Chad Davis is a member of this website.

My number is 208-794-7430 if you need me.

Monty

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