How to Get the Best Out of Real Estate: Get a Loan to Flip a House - PowerPoint PPT Presentation

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How to Get the Best Out of Real Estate: Get a Loan to Flip a House

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Want to know more about flipping loans to boost your business? If yes, then look below to get a brief knowledge and invest in the right direction. – PowerPoint PPT presentation

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Title: How to Get the Best Out of Real Estate: Get a Loan to Flip a House


1
How to Get the Best Out of Real Estate Get a
Loan to Flip a House
2
Since 2007, house flipping has become a trend
among real estate agents. The increasing home
prices and easy access to finance have led people
to invest in the house flipping. The rise in
fixed-rate loans in Denver is proof that how we
people are determined to buy a real estate. With
the help of limited financial supply, flippers
are earning higher profits when compared to the
census of 2008-2009.
3
The Costs of Flipping Homes
When you think of flipping a house, it might
sound easy and less complex but when you start
with the buying, fixing and quickly reselling
properties it obviously becomes the most
lucrative. It demands for more time and energy to
flip a house than when compared with the simply
buying a house to live in. People seek for
fixed-rate loans in Denver for a reason as you
not only require money for buying the property
but also needs renovations money. Meanwhile, the
loan also helps in paying the property taxes,
utilities, and homeowners' insurance of all the
days that are covered from buying the home,
renovation and to the day it is sold.
4
It is an uneasy process if you do not have
enough money in your pocket. Now getting a loan
or mortgage with nothing down is impossible. Even
if you are eligible for paying the down payment,
you will still pay more if you are buying a
property to flip as compared to the one which you
are buying for a primary residence. If you are a
novice, then it might be a problem as many
lenders do not feel secure to work with the
newbies. They prefer such flippers who have
experience and have a remarkable track record of
selling at least one home for a profit. While
many will agree to work with you are new flipper
but only by charging higher fees, or interests
from you.
5
Hard Money vs. Conventional Loans
Many people are afraid of hard money loan lenders
but they should know in recent years the
reputation of lenders has improved. This type of
loan is a short-term loan secured by real estate.
The terms usually render around 12 months.
However, it can extend to 2-5 years. Hard money
loans are not perfect for every business
transaction but it can be best for short sale or
foreclosure, conventional financing, and flipping
the house.
6
Hard money loans are ideal for circumstances like
  • Construction Loans
  • Fix and Flips
  • Land Loans
  • When a real estate investor or dealer needs to
    act quickly
  • If the buyer or dealer has credit issues
  • There are so many reasons why a lender chooses
    hard money loan over the conventional one. People
    who are in need of immediate funding go for this
    type of loan.

7
Where to Look for Lenders?
The Internet has given us access to an infinite
number of things and the same goes when you are
looking for a lender. There are many good and
reputable lenders which can be found online.
Fees and interest charges will vary from lender
to lender. If you are the borrower who has credit
scores lower than 680, then there are higher
chances that you will be charged slightly less.
But, if you have a credit score of 630, then you
will pay higher costs. There will be some
flipping loan companies that will ask you to sign
a contract, a track of fix-and-flip projects,
down payments, and property documentation before
determining your total cost and interest.
8
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9
Address 1624 Market St. Ste 202 Denver, CO
80202 Phone (303) 376-6232 Email
Info_at_BoldFunding.com Website https//boldfunding
re.com
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