[Michael Kappel]

Michael Kappel

Sounds like a good problem to have however this lender only want to be involved in short term fix and flip projects and not buy and hold. This lender historically has given us 100% funding for several projects at a time. With the current market we are pulling back a bit on fix and flips and are left with more cash than we need for flips.

I know this sounds like an odd problem to have – I hate to give the money back to the lender as projects come to a close. Has any one had any experience or any ideas how we can leverage this capital without tieing it up on long term rentals?

Sounds crazy to ask – hopefully my question makes sense.
Thanks in advance!

[Jackie Lange]

Jackie Lange

Use Substitution of collateral language in the loan. That the funds can be moved to a different property of equal value and equity ( will usually require lender approval)

[Michael Kappel]

Michael Kappel

Thanks Jackie, Ill have a chat with the lender and run this by her!