Can Brittco fund a flip or a double close in Kentucky?
Yes. In Kentucky, 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 Kentucky. 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 Kentucky?
In Kentucky, 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 Kentucky?
Kentucky closings often involve an attorney, and title companies are part of many files. Ask who will disburse and whether that person will coordinate a purchase and a resale on the same property.
Deeds are generally lodged with the county clerk. Confirm the clerk’s recording hours before you stack a same-day double close.
What should you confirm about transfer taxes and recording?
Confirm Kentucky transfer tax with the closer. Your closer confirms the current rate and who pays it.
How does a double close work in Kentucky?
A double close in Kentucky 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 Kentucky?
Can Brittco fund a flip or a double close in Kentucky?
Yes. In Kentucky, 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 Kentucky?
Kentucky closings often involve an attorney, and title companies are part of many files. Ask who will disburse and whether that person will coordinate a purchase and a resale on the same property.
How are deeds recorded in Kentucky?
Deeds are generally lodged with the county clerk. Confirm the clerk’s recording hours before you stack a same-day double close.
What about transfer taxes in Kentucky?
Confirm Kentucky transfer tax with the closer. Your closer confirms the current rate and who pays it.
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 Kentucky?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.