I submitted a deal for ECHO - I have a hard money loan for 90/100 and need the funds for my down payment and EMD. They asked me how I wanted to use the funds but I think I need some Help to understand how this works and if it’s possible.
@Paul Brown the only info I got was that they needed to know how I wanted to structure it but as this is my first deal with an ECHO, I don’t Know much more than the description provided here.
Can someone please explain Echo funding to me. I'm not sure if i might be passing up good opportunities because i don't understand the strategy. Thanks! @Justin Pilakka
I am a new investor interested in fix/flips and wraps. I have a deal that I need funding for down payment and closing costs. I am wondering how I find out about ECHO funding for a property through this group. Looking forward to working with you!