Fund That Flip has been a great investment decision for me and my family. They are customer-friendly at all levels. Once you are set up, the investment process is straightforward to use. The detailed information about each property makes it easy to decide to invest or not. The regular monthly payments go directly into your linked bank account. I plan to be a dedicated investor for many years to come.
I had two "test" investments that were successfully repaid on time. I have not continued investing with fund that flip for three reasons: 1. The offerings fill up quickly and I'd prefer to review a potential investment in more detail before committing capital. 2. I set up a zillow notice regarding the status of the property. The zillow updates (based on public info) were better than the company's status updates. I had no issues with my two loans but relying on the developer to provide the status of the loan left me uneasy. A statement from the developer that the "project is on target" or similar is not sufficient. Banks require in person inspections at many stages of development. At least photos of the status of the property at regular intervals would give me more confidence the property is being adequately overseen. 3. It was hard for me to tell how many deals a developer had at once. The site shows how many deals were repaid etc but are they flippers with 1 or 20+ properties with outstanding loans? Yes, there is downside protection with the property itself but the level of risk increases with the number of properties.
We have closed several loans with FTF. The team works very hard to ensure everything goes very smoothly and on time. Jamie and Jennifer have always exceeded all expirations. We could not ask for a better lending partner !!!
Fund That Flip offers a variety of investment opportunities and great customer service. Its extremely easy to become an investor, the web site is easy to navigate, and when I had questions the investor relationship team was super responsive and helpful. Definitely recommend it!
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