Funding for Flipping josh@fundingforflipping.comjosh@srecnow.comJosh Cantwelljosh.allen@fundingforflipping.com Funding for flipping real estate. no bank loans Salt Lake City Nationwide
Fundingfor flipping.com is a very subtle but clever scam. It tells people they should avoid banks for real estate loans and to seek them out for 100% real estate funding without needing "Good Credit".
After they schedule a 15 min consult with one of the 'specialists' they basically are only to get your hopes up and send you a Creditnav link for a 'softpull' but assure you that you do not need good credit, it is just a formality to determine how much of a line of credit "$50,000 to $500,000" you will qualify for. Assuring you that your credit score will not be a determining factor. BUT IT IS- what they do not tell you is that all the detailed explaination of why your credit score is what it is will be the criteria based on accepting or rejecting you. You may have 'Good Credit' but if the details explained below such as to much of an available credit being used or whatever, they will nix you. i had to wait a week for my being nixed. had they said at the outset that they do indeed go by the credit score and the explaination- I would not have wasted my time, but they assure you through their "Webinar" aka low information salspitch, that they are their to help you avoid the bank turning your down or hard money lenders asking you to put into the deal- they will fund you 100%. And do not worry about your credit report.
Do not fall for their phony webinar salspitch, of how the were so broke, lost everything and in the dumps. Total bull, it is just a binding technique used in sales. They would not know homeless broke and hungry if their life depended on it.
Fundingforflipping is total bait and switch, total lie.
Make no mistake your current wealth and Credit Report do mean everything ! if you cannot qualify for a regular bank loan because of it- they will chuck you just as fast- 15 mins in my case. Do not waste your time until your already established wealth and Credit Report are looking very good.
After all, if helping you increase your income so your could afford to have a sweet polished credit report meant actually giving you the credit to flip a house and escape your financial bondage- then your credit report would truly Prove to mean nothing.