Can Brittco fund a flip or a double close in Indiana?
Yes. In Indiana, Brittco funds the purchase in a double close, a fix and flip with rehab draws, and a short-term loan on investment property.
Brittco Capital, Inc. funds the A-B purchase so you can resell in Indiana. Same-day is 1%. A resale within 7 calendar days is 2%. Fix and flip loans and short-term private money are priced with the property.
Which loans are available in Indiana?
In Indiana, three business-purpose loans cover investment property. Transactional funding pays for the purchase in a double close. A fix and flip loan covers the purchase and the rehab. A private money or bridge loan covers a short hold until a sale or a refinance.
Transactional funding ·Fix and flip loans ·Private money and bridge loans
How does a closing get funded in Indiana?
Indiana double closes are commonly handled by title companies. Ask whether the underwriter will insure both deeds in one sitting and how the transactional payoff is listed on the resale disbursement.
Deeds are generally recorded with the county recorder. A same-day double close is a wire sequence, not a wait for the first deed to index.
What should you confirm about transfer taxes and recording?
Confirm any Indiana conveyance fee or county charge with the closer. Brittco’s published price is only the transactional fee.
How does a double close work in Indiana?
A double close in Indiana uses two contracts: the A-B purchase and the B-C resale. Brittco funds the purchase. The closer on the file records the deeds, collects transfer charges, and orders the wires. Set the closing date with that office before you send the request.
What does a worked fee example look like?
On $150,000, the estimated fee is $1,500 for a same-day close (1%) and $3,000 if the resale closes within 7 calendar days (2%). Estimate only, not a quote.
Fee calculator ·How a double close works ·All states
What questions come up about Indiana?
Can Brittco fund a flip or a double close in Indiana?
Yes. In Indiana, Brittco funds the purchase in a double close, a fix and flip with rehab draws, and a short-term loan on investment property. Same-day transactional funding is 1%. A resale within 7 calendar days is 2%. Fix and flip and private money are priced with the file.
Who typically closes in Indiana?
Indiana double closes are commonly handled by title companies. Ask whether the underwriter will insure both deeds in one sitting and how the transactional payoff is listed on the resale disbursement.
How are deeds recorded in Indiana?
Deeds are generally recorded with the county recorder. A same-day double close is a wire sequence, not a wait for the first deed to index.
What about transfer taxes in Indiana?
Confirm any Indiana conveyance fee or county charge with the closer. Brittco’s published price is only the transactional fee.
What is the estimated transactional fee?
On $150,000, the estimated fee is $1,500 for a same-day close (1%) and $3,000 if the resale closes within 7 calendar days (2%). Estimate only, not a quote.
Fund a flip or a double close in Indiana?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.