Do you have property you'd like to fix and flip, or fix and rent? A traditional real estate loan may not be your best option. Private money syndicates have been around since 2008 and offer investors numerous advantages compared to banks and traditional mortgage lenders. For one, your credit score and other financial credentials are not as important as the deal itself. A good deal carries a lot of weight. For example, let's say you buy a property for $100,000, spend $45,000 fixing and upgrading, and then sell for a net of $200,000, your net gain of $55,000 is very impressive. Private money lenders pay close attention to that aspect of any potential deal. They want to know you can make money and that they will get paid back. Read more to learn the advantages of private money funding.
We specialize in non-owner-occupied transactions. For the real estate investor, that means more money so borrowers can use less of theirs and far fewer seasoning requirements. There's also less paperwork and the opportunity to close in as little as three weeks. Private money lenders consider the borrower's equity, exit strategy, and cash flow capability. Overall, you will have a much better experience versus a bank.
Start by spending ten minutes with me so I can learn more about your project. I'll ask you a few questions like what was your purchase price, what are your estimated rehab costs, and what is your after repair value. I will then help you determine the deal's potential profit.
We're not a bank with a stuffy attitude. This is a private deal, and so I want to get to know you so I can offer the best service possible. How fast do you need to close your deal? What concerns do you have? My goal is to make this a fast and smooth process. If you do multiple deals annually, I want to be your preferred lender. Communication is key to a mutually satisfying relationship.
This is a 50/50 process. I have specific tasks to do and so do you. Your biggest job is to complete the paperwork I send you and get it back to me promptly. I will let you know how the loan is moving along daily. If we both do our part, I'll call with good news, Congratulations. Your loan is funding tomorrow. Let's get started. Call 1-800-232-5026 and schedule a no-obligation conversation.
Copyright © 2024 D.G. Baxter - All Rights Reserved.
Powered by GoDaddy Website Builder