Thinking of getting into the real estate flipping game? One of the first steps is to secure financing. Here's how to do it.
As a concept, it's a simple process — find a home that needs a little work, fix it up, and then sell it for a profit. The truth behind flipping is a little more complicated. Finding the right deal is paramount, getting financing is key, and hiring the right contractors and workers is critical to success. Even then, you'll need a little luck with the market's fluctuations to make a really healthy profit. It's hard work, but it's a great business for people who have the work ethic and know-how to get the job done.
And, while we can't help you hang cabinets or fix a foundation issue, we can help you get the Fix and Flip Loan in Arizona you need to help make a move in a competitive market.
Many flippers go the banks and credit unions to secure financing. This can be a great option if you've got a nearly perfect credit score, a bank account with a healthy balance, and a blemish-free background. However, many flippers don't check off all of those boxes; some have had dings on their credit, some are working with little cash flow, and others have had a short sale or foreclosure in their past.
Fix and Flip Arizona Hard Money Loans
With a hard money Fix and Flip Loan in Arizona, you don't have to have perfect credit, a robust bank account, or a history that's unscathed. With a Arizona Hard Money Loan, you put up collateral to secure the funds. So that — and your passion for the project — is what's most important. Arizona Hard Money Loans for flipping houses are quick, too. You can get approved in a few days and have money to close your deal in as little as a couple weeks. Keep in mind that Arizona Hard Money Loans also have higher interest rates and shorter terms than what you'll find at the bank.
Get a Fix and Flip Loan in Arizona Today
If you think a Fix and Flip Loan in Arizona might be the perfect move for you, your next step is clear. Call or sit down with a hard money lender in Arizona like Setabay. Our people can listen to your dreams, go over your options, and help you come up with a plan for securing financing for your flip.
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
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