Monthly Archives for February 2015

Construction Loan Draw Schedule: How It Works

What is a draw schedule? When you need financing to fix and flip a residential or commercial property, a construction draw schedule is a necessity. A draw schedule is an agreement between the lender and lendee about when money will be released to the contractor or construction company to complete the needed repairs. Can I be my own contractor? If you have previous experience with flipping and fixing properties and you’re planning to sell the property once the project is Read More