According to a recent report in the Wall Street Journal, many larger banks such as Goldman Sachs Group, J.P. Morgan Chase & Co, and Wells Fargo are currently extending credit lines to businesses that specialize in lending to house flippers. This flexible financing has resulted in the highest number of investors who flipped a house in nearly ten years.
Many lenders are loosening up their documentation rules, still requiring bank statements but not a W-2 form.
Finally, there has been rapid growth in financing opportunities through online lenders such as Asset Avenue and LendingHome and even crowdfunding sites such as GroundFloor Finance.
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