fix & flip renovation quiz pICK BEST ANSWER FOR EACH QUESTION 10 QUESTIONS ON FIX & FLIP RENOVATION LOANS Please enable JavaScript in your browser to complete this form. - Step 1 of 11Name *FirstLastEmail *Next1. What was the maximum ARV Cap for program? *80%75%90%PreviousNext2. ARV Cap represents..The maximum home you can buyThe most you can borrow for renovationsThe most you can borrower for the projectPreviousNext3. What is the term for a Renovation loan? *9-12 Months6-12 Months12-18 MonthsPreviousNext4. How long is the pre pay term? *6 Months12 Months0 MonthsPreviousNext5. Using financial leverage will... *Increase ROIDecrease ROIHave no effect on ROIPreviousNext6. What is ROI? *Run Of IndustryReturn On InvestmentRun Of InvestmentPreviousNext7. A carrying cost most people do not think of when they sell is.. *Property TaxesFees when you sellInsurancePreviousNext8. How does using financial leverage increase ROI *You use less of your moneyYour risk is loweredyour return is amplifiedAll of the abovePreviousNext9. Payments are.. *Interest onlyPrincipal and InterestBoth are optionalPreviousNext10. What is a Fix & flip Loan? *In 40 - 50 words (30 seconds of speech) explain how renovation financing works.PreviousSubmit Reno
