Why Choose Debt?
Getting a loan (aka using debt) to fund your real estate investments gives you the opportunity to earn a higher rate of return on your investments and to grow your business at a faster rate. As an investor, you are likely looking into more than just one property to fix and flip or buy and hold, so using debt, could help you tremendously.
We have partnerships with the nation’s leading real estate investing lenders. We can introduce you to small local lenders in the markets that we operate. These lenders understand the turnkey model and are eager to earn your investing business.
We also work with national lenders that specialize in conventional financing, portfolio financing, and asset-based lending. Every borrower has different wants/needs and we do our best to connect you with the lender that will provide that service.
Contact us today to learn more about your financing options!
Until you own rental properties, you often don’t realize that your run-of-the-mill retail bank can’t help you. The problem is, they won’t tell you they can’t help you until you are several weeks into believing that your funding is coming.
Big banks (Chase, Wells Fargo, etc.) don’t ‘get us’ as real estate investors. But, the friendly retail sales people in your local branch will do their best to earn your business. Don’t fall for it… it won’t end well.
It’s important that you’re dealing with a lender that ONLY works with real estate investors. To get deals done, you need to minimize drama. Heck, if you’re financing falls through in this hot market, it’s likely that you’ll lose the deal completely.
The financing you often need comes down to whether your property is ‘stabilized’. By stabilized, we mean it doesn’t need work (or has work to be done that you won’t need a loan for), or you don’t need a loan for purchasing the property AND for repairing it. In addition, how many rental properties you have financed makes a difference (especially if you have more than 10).
Bridge Financing or Portfolio Loans
If you need short-term lending to rehab a property before you turn it into a long-term hold, or if you already have more than 10 properties… you need a different kind of lender. Because we at FlipNerd are also investors, and because we listened to our ~68,000 subscribers, we found a lender that would help our members fund their deals.
You can learn more about FlipFunds.com, including applying for a loan, refinancing a loan, or even obtaining a pre-approval letter right here: http://flipfunds.com/