First Capital Funding Corporation’s Blog

Slowly but surely we have been working the system to be able to sell our homes to buyers in the 580 range (We are doing one with 520!). This is the time to pick up as many houses as possible with large profit spreads that you can flip quickly. Even deals with less than 15k profit spreads are doable. The process is simple:

1. Get your would be buyers through the pre-screening questions to find out where they fit.
2. If they fit the mold, have no collections and have the income, get them to apply online at www.flexcreditmortgage.com.
3. Once the would-be buyer completes the online form (1003)We should know within a day where we stand with the buyer and if credit repair is needed.
4. We will tell you what we need to do to close the deal as far as paperwork, etc..

Remember, the spread gives us the ability to structure a deal and create a 2nd note if need be. Our goal is NOT to use any of the spread for concessions or closing costs so that we can realize the whole profit spread. Let me know if you have any questions and we will discuss it in the next training session.