Learn To Be A Fix & Flip Investor

Monday, April 3, 2017

The 5 Benefits of Leveraging with Flip Loans

Whether you are still looking for the perfect prospect or have locked in on a neighborhood or unit you love, you're buying power is substantially increased with you utilize flip loans. Leveraging with flip loans allows you to grow your property investment business at a rate you truly want and allows you to purchase and work on more than one property at a time.

5 Benefits of Leveraging with Flip Loans

Timing

While your ideal dream of growing your investing empire may be to use cash or to leverage your own properties to buy additional locations, it will take time. If you are watching the market for deals or have closed in on a hot market with the right types of properties, you may not be able to afford to wait. Using flip loans from a private hard money lender allows you to acquire multiple properties as the same time. Since so much of your money is made on the purchase deal, being able to buy as many properties as you can allows you to perfectly time your deal and ensures that your ideal property doesn’t get away.

Scaling Made Easy

Once you’ve mastered the art of flipping a home or building, you’ll want to do it again and again. Using flip loans allows you to scale your business model up, once you settle on a plan and course of action that works for you. The ability to purchase and flip multiple dwellings at the same time allows you to quickly scale up your business and truly grow. If you have to wait for one deal to close before you start another, scaling and growing your investment portfolio will be much more difficult and time consuming.

Better Tax Deductions

The more homes you have, the more you’ll be able to take advantage of specific IRS tax breaks designed for investors. Since the IRS allows you to deduct for depreciation each year, you’ll be able to claim this benefit for each property you own. Multiple properties also allow you to take advantage of the 1031 Exchange if you sell a property.

Increased Income

When your home is rented out or flipped and sold, you’ll make money. Simple math says the more properties you own that are in habitable condition, the more income you’ll have coming in. Acquiring and rapidly flipping properties allows you to increase the income you receive via rental or sales.

Take Advantage of Low Rates and Prices

Home prices and interest rates won’t be this low forever. Buying now does more than expand your options, it locks in these low rates and prices for you for years to come.

The ability to scale up your business and purchase deals when you find them is a must if you want to make a serious go of it as a real estate investor. Leveraging with flip loans allows you to grow your business at a rate you want to – and to get all of the benefits of owning multiple properties at once.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: flip loans,private hard money lender

Think Outside the Bank For Private Lending

At Level 4 Funding, you get flexibility and speed, not red tape and committees. Bottom line: if your strategy is sound and your property has potential, we’ll find a way to make your loan work—without the drama and without the runaround.

And you can take that to bank.
Our specialty is helping, realtors, and investors purchase or refinance non-owner occupied residential properties. So if you’re looking for a respected lender that offers streamlined services, quick closings, and aggressive rates, you’re in the right place.

Non-conforming mortgage products for Non-Owner Occupied Residential properties

When traditional loan products are not flexible enough to meet your client’s needs, Level 4 Funding can help. We provide investors with quick access to non-conforming mortgage products for Non-Owner Occupied Residential properties whether they want to:

Fix & Flip
Buy & Hold
Rate & Term
Cash Out Refinance
Bridge Financing
Wholesale Lending

Real Estate Agents

You work to help your clients reach their real estate investment goals and so do we. Fast Approvals. Competitive Rates. Quick Closings. How can we do that? Level 4 Funding is a direct private hard money lender with local control from start to finish. We underwrite our own files and provide our own appraisals which makes our loan process transparent and fast, closing deals in as little as 4-10 days.

Imagine Having $50K-$250K Cash In Your Checking Account For Anything Your Business Needs F4F.com www.civicfs.com fundingforflipping.com

Technorati Tags: private hard money lender,private hard money lender in california,hard money,mark gowlovech

Advantages of Fix and Flip Loans compared to Equity Partners

Why using flipping loans gives more freedom than finding equity partners

If you are exploring your finance options for real estate investing, the idea of an equity partnership has likely come up at least once. Understanding what an equity partnership is and how it works is a must if you want to truly weigh your options. With an equity partnership you’ll be sharing more than the risk of the loan, you’ll be handing over at least partial control of the property, too.

Fix & Flip Loans

A hard money fix & flip loan allows you to buy and then restore a property; you are borrowing money from a private hard money lender, but not handing over the decision making or control of the actual property. Once you flip the property and repay the money, your obligation is over.

Equity Partners

An equity partner is just what it sounds like – an individual or entity who shares the responsibility and ownership of the property itself. This partner takes on a larger risk than a lender – and also gets a lot more say in how the deal works. As an equity partner, this provider of capital has a say in pretty much everything about the property, so choose your partner very carefully.

Advantages of Loans over Equity Partners

By far, the biggest advantage of using a fix n’ flip loan instead of an equity partnership is the freedom you’ll have as the sole decision maker and owner. Since equity partnership is just that, a true partnership, you will not have sole say in how the property is refurbished, which tenants you put in place if you are renting or how you’ll price and market the home to sell if you are selling.

A true partnership, where you and your business partner have the same approach and goals and combine your money, assets and strengths to make a deal work is one thing. In this type of situation, you have chosen to work together for many reasons, not just money. When you find an equity partner, your biggest reason to be together is money – and you may not share the same vision or approach to properties. This split vision could cause problems at any point, from the buy to the restoration to the rental or sale.

A fix & flip loan puts you in control of the deal and allows you to be the primary decision maker about all aspects of the home. If you find a tenant that feels right, but doesn’t quite meet your standards on paper, you can go with your gut; the opposite is also true. A fix n’ flip loan won’t force you to allow its shiftless brother in law to rent (and trash) one of your properties as part of the deal.

If you want true freedom and to be able to call the shots on your real estate properties, a fix n’ flip loan is a much better option than an equity partner.

Technorati Tags: flipping loans,hard money fix & flip loan,private hard money lender,fix & flip loan

9 Tips for Large Rehab Projects

What is the secret ingredient for a smooth run rehab project? While all large rehab projects are different, here are few suggestions.

1. Set a Budget – Your number one goal should be to make your real estate deal profitable and cash flowing. Setting a rehab budget is one important key to making that happen. Your initial budget can be very general and include a contingency fund that can be allocated later as plans firm up and price quotes come in. Also, it is best to budget high at first and slim things down later on.

2. Layout and Design What You Want – Ask yourself what do you want and what adds value to your rehab project. Do you want to remove walls? Do you want to remodel a new bath? Does the kitchen need updating? Are the electrical and heating systems in working order? Are can be reused? Good questions give direction to both project costs and value.

3. Be Specific – Your contractors will need to know specifics in order to get the job done. Just saying that the stove will be about here or the bathroom will be over here will not work. Nor will telling them to just pick out some tile for the bathroom. Contractors need to know specifics. So tell them exactly where and how you want things. Draw out what you would like, to scale if possible. It does not have to be fancy. A pencil drawing will often do. Have a product list for tile, fixtures, carpet, etc. The more specific you can be on the front end, the better off you will be on the back end and fewer mistakes will be made throughout the process.

4. Get Quotes – Now that you have drawn up your specific plans, get quotes for the work you want done. You may have the best-laid plans in the world, but may not realize just how much they are going to cost to be implemented. Your contractors also will see things that you have likely missed or were not aware of. Things such as plumbing or electrical systems that are in the way, or load bearing walls that cannot be moved without great expense. They may also know about code issues. Whatever the reason, the quotes from your contractors may make you want to…..

5. Reconfigure Your Plans – Sometimes even the best ideas have to be reworked. Sure, anything is possible with unlimited dollars, but you do not have unlimited dollars because you set a budget as your first priority. You may not be able to move that wall or add that walk in shower. You may also have to tone down your materials a bit or shift funds from one part of the project to another. Sometimes you may have to reconfigure your plans several times before you come up with one that works.

6. Talk to The Neighbors – Talking to the neighbors is one of the best things you can do with any large project. People are naturally curious. Plus rehab projects can be loud and messy which can get on folk’s nerves. A simple knock on the front door to introduce yourself and tell them what you are doing will go a long way. Hand them a business card and ask them to call you if they have any issues or concerns. Be friendly and courteous and they can become some of your best watch dogs and allies as the rehab project goes along.

7. Finalize Your Plans – Once you have reworked them, it is time to stop thinking about them and firm them up. Again make them as specific as possible so you can avoid headaches and speed bumps later on.

8. Contractor Meeting – Gather all you contractors together at the beginning of the project and get everyone on the same page. Go over the plans and introduce everyone to each other and exchange phone numbers. Some of them, after all, are going to be working together and closely coordinating various aspects of the rehab project. Having such a meeting is a big help and will take you out of the “middleman” role.

9. Get Ready to Rehab! – Your vision is now ready. Take your budget and contractors, pull the trigger and watch your rehab project come to life.

Friday, March 31, 2017

The 6 Ways to Save on Flip & Flip Supplies

If you are flipping a property, the finishes, colors and supplies you use simply need to be neutral and appealing to a wide range of buyers – you don’t have to perfectly suit your personal taste or use specific colors or products. The freedom that comes from not having to create a specific look allows you to save money when you flip a home. By seeking out the best values and bargains instead of buying for a specific look you can save money on your flip – and increase your profit. Saving money doesn’t mean you settle for poor quality pieces; many of the items on our list are good quality, they have simply been marked down for a fast sale.

6 Ways to Save on Flip Remodeling Supplies:

Shop the Big Box

You might prefer a more custom or designer look for your own home, but you can find some great bargains at your local Home Depot or Lowe’s. When you shop at a big box home improvement store you can buy cabinets in a variety of sizes and colors that are already in stock, saving money on your remodel.

Visit the Post Office

The bundle you get when you change your address includes a great coupon for Home Depot – use it and save on your big flip renovation supply purchase. You don’t have to move, the packets are free and there is a 20% off coupon in each one.

Buy “Oops” Paint

Shops that mix paint can and do make mistakes – and offer great quality paint for a fraction of the original cost if they mess up. Many stores have an “oops” shelf where they offer paint that didn’t quite turn out at a drastic discount. The original buyer might care that the paint they asked for turned out slightly deeper than intended, but you won’t, particularly when you see the deeply discounted price. Buying cheap paint can lead to multiple coats and wasted hours painting; buying quality paint that was tinted incorrectly can help you save a bundle on your flip.

Stop by the Bid Desk

If your home improvement store has a bid desk, then stopping by and making a bid can save you a bundle. If you are going to spend several thousand dollars at once, the pro desk may be able to help you save by offering you a better price on the whole bundle.

Choose Unconventional Stores

Not all flipping supplies need to come from the home improvement store. Big box stores carry a variety of items from flooring to light fixtures and sometimes offer significant discounts on older merchandise.

Unpackaged, but not Broken

Save money on just about anything by buying a floor model or one that has been removed from the box. If the only thing wrong with the piece is that the box is damaged, you can save a bundle on supplies for your flip.

Reuse Favorite Items

Use the same tile, paint and other products in all of your houses. You’ll be able to save by buying in bulk and you’ll always have supplies on hand if you need to make a repair before the sale.

Protect your profit by saving money on your supplies and improvement products when you flip your next home. The more money you save, the more you’ll end up with in profit when the deal closes.

Technorati Tags: flipping a property,flip a home

Funding For Flipping | Cheaper Than Hard Money | Flexibility of Cash Innovative Funding for Flippers Private Hard Money Lender

Funding for Flipping was for flippers just like you.

Is lack of Capital Preventing You from Effectively Marketing, Outsourcing, or Operating you Real Estate Investment Empire.

Just like you, we struggled to find a Private Hard Money Source of funding that was reliable, honest, understood the business and had pricing that was based in reality.
We developed this program after years of the Flipping Business. We know what it takes to find money for Flippers Like you. We have the experience and funds available to help you in your Fix & Flip deals.
After years of experience in flipping we have developed a reliable and reasonably priced funding Private Hard Money source for Fix and Flippers.

We o put together a program that is realistic for our industry, and we want to bring it to our fellow flippers.

Imagine Having $50K-$250K Cash

In Your Checking Account For Anything Your Business Needs F4F.com fundingforflippers.com fundingforflipping.com

Our Flipper Program

Loan Amounts: $50,000 - $3 million
Loan to Value (LTV): up to 90% of the purchase price, plus 100% of the construction funds.
Interest Rates: 8% to 18%*
Points: 1-4 points
Loan Position: 1st TD
Loan Term: 6 or 60 Months
Property Types: Residential, Condos, 2-4 Plex, PUDs
Loan Types: Non-owner occupied residental. Purchase, Refinance, Bridge Loan, Rehab, Business Loans

Our Commercial Program

Loan Amounts: $250,000 - $25 million
Loan to Value (LTV): up to 60% Loan Type: Acquisition, Refinance, and Cash-Out
Interest Rates: 7.9% to 14%*
Fees: 1 - 3 points
Loan Term: 3 - 260 months.
Property Types: Residential, Condos, 2-4 Plex, PUDs
Loan Types: Non-owner occupied residential, multifamily, retail, office, industrial, mixed use, vacant buildings, and entitled land

Technorati Tags: Funding For Flipping,Funding for Flippers,fundingforflipping.com,fundingforflippers.com,F4F.com

Learn To Be A Fix & Flip Investor

Featured Post

The Big Show is Coming to Town.

Monday, April 3, 2017

The 5 Benefits of Leveraging with Flip Loans

5 Benefits of Leveraging with Flip Loans

Timing

Scaling Made Easy

Increased Income

Take Advantage of Low Rates and Prices

Technorati Tags: flip loans,private hard money lender

Think Outside the Bank For Private Lending

Think Outside the Bank For Private Lending

Non-conforming mortgage products for Non-Owner Occupied Residential properties

Real Estate Agents

Advantages of Fix and Flip Loans compared to Equity Partners

Why using flipping loans gives more freedom than finding equity partners

Fix & Flip Loans

Equity Partners

Advantages of Loans over Equity Partners

Technorati Tags: flipping loans,hard money fix & flip loan,private hard money lender,fix & flip loan

9 Tips for Large Rehab Projects

Friday, March 31, 2017

The 6 Ways to Save on Flip & Flip Supplies

6 Ways to Save on Flip Remodeling Supplies:

Shop the Big Box

Visit the Post Office

Buy “Oops” Paint

Stop by the Bid Desk

Choose Unconventional Stores

Unpackaged, but not Broken

Reuse Favorite Items

Funding For Flipping | Cheaper Than Hard Money | Flexibility of Cash Innovative Funding for Flippers Private Hard Money Lender

Our Commercial Program

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