From time began, shelter has been one of man’s most essential needs. As the years rolled by, homes began to serve more functions than as sources of protection or places of rest.
Today, houses now also serve as a statement of luxury and an investment asset. And thanks to the real estate industry, more people can now achieve these objectives with their real property.
Without a doubt, the real estate sector is one of the world’s most promising industries. Experts expect the industry to continue on its upward surge with a growth rate of over 5% as of 2020. Particularly, professional real estate investors consider Fix and Flip investments more lucrative in the long term.
Despite these prospects, many newcomers struggle with actualizing profitable investments in the fix and flip division of the industry. Fix and Flip is largely characterized by buying houses to repair or renovate and then reselling them.
But the common problem of potential investors is capital. Most individuals do not have the financial know-how to navigate the business.
Well, that’s why hard money lenders like Hard Money Bankers exists to help.
Hard Money Bankers believe anyone can succeed in the fix and flip industry with suitable loans and in-depth knowledge of how the business works. Here are four ways Hard Money Bankers help home flippers close more flipping deals within short periods.
Providing Low-Risk Fix and Flip Loans
Hard Money Bankers recognize that fix and flip investment is more capital intensive than other forms of real estate activity. So, they offer hard money loans with reasonably higher interest for a short-term period.
The good deal about these hard money loans from Hard Money Bankers is that they help you cover the cost of buying houses and renovating them. And interestingly, you can pay back whenever you find a long-term source of finance or you make a sale.
Top-Notch Industry Advice
Involving Hard Money Bankers in your Fix and Flip business means you gain access to an unrivaled wealth of industry experience.
Hard Money Bankers provide structured and tailor-suited advice to flippers. The specific investment advice helps you make the most of your flip opportunities in a post-pandemic period.
Regardless of whether you get your loans directly from Hard Money Bankers or adopt their financing advice, you can be sure of flexibility. With flexible financing options, you can get as many flip loans as possible while paying at your convenience. This way, you can focus on business profitability and flip more houses in no time.
Favorable Loan to Value Ratio
One major determinant of good hard money loans is the loan to value (LTV) ratio. While some lenders offer just a little over 50% of property and renovation cost, Hard Money Bankers give you as much as you need. You can get loans with LTV ranging from 70% to 90%, depending on your needs.
Whether you’re an investor from Pennsylvania , Northern Virginia, Maryland, Virginia or Washington DC, Hard Money Bankers ensure you meet your fix and flip targets in record time by supplying you with loans free from the strict guidelines of conventional lenders. They run their business in central cities around the US and promise professionalism when you bank with them.
You Might Also Like: Hard Money Bankers: Best Provider of Hard Money Loans in Washington DC