DISCOVERING THE IDEAL FIX AND FLIP LOAN PROVIDER: 5 ESSENTIAL SUGGESTIONS

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DISCOVERING THE IDEAL FIX AND FLIP LOAN
PROVIDER 5 ESSENTIAL SUGGESTIONS
Fix and flip loans allow real estate investors
to purchase and renovate distressed properties
before reselling them for a profit. With the
right lender, fix and flip loans can be an
extremely lucrative way to grow your real estate
investment portfolio. Here are 5 tips for
finding the best fix and flip loans service
provider
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LOOK FOR COMPETITIVE RATES AND FEES
The interest rate and origination fees can
significantly impact your bottom line. Compare
rates across several lenders to find the most
competitive pricing.
3
SEEK OUT HIGHER LOAN-TO-VALUE RATIOS
Look for lenders offering 75-90 LTVs so you can
maximize your leverage while minimizing the
capital needed for each flip. The lower your
down payment, the higher your potential ROI.
4
MAKE SURE THEY HAVE RAPID TURNAROUND TIMES
Look for lenders who can fund loans in a few
days to a couple weeks. The faster the
turnaround, the quicker you can acquire
properties and get to work on renovations.
5
CHECK CUSTOMER SATISFACTION RATINGS
Read reviews and testimonials to gauge customer
satisfaction. Happy repeat customers are a sign
that the lender provides excellent service and
flexible loan options catered to investors'
needs.
6
VERIFY THEY HAVE LOCAL MARKET EXPERTISE
Choose a lender who understands the unique
dynamics of your real estate market. Local
lenders will be better at accurately evaluating
ARV to determine loan amounts.
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KEY TAKEAWAY

• By keeping these tips in mind and doing thorough
  research, you can find the ideal fix-and-flip
  loans service company to finance your next
  successful real estate deal. The right lender
  like VP Capital Lending will provide the capital
  and service you need to flip properties
  profitably and grow your investing business.