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Where To Get The Money To Fund Your Deals Now

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on Wednesday, 21 July 2021
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While there may have never been a stronger real estate market, there are certainly some quirks happening out there. Where do you get the money to fund your real estate deals now?


New federal mortgage servicing rules may be exasperating mortgage lenders, while landlords continue to try and battle for evictions. At the same time, banks like Wells Fargo have either increased credit requirements for loan products, or have ended loan programs like the home equity line of credit. More recently Wells Fargo just surprised its customers with a last minute notice that it will be cutting off all personal lines of credit.


Plentiful Deals, High Demand

While some types of inventory have been tight, and prices have hit new record highs, there are still plentiful deals to do. In fact, with many home flippers sitting on the sidelines over the past year according to Bloomberg, there are still endless investment deals to be done. The retail market may finally be moderating according to NAR and the latest data, but right priced properties are still in high demand.


There’s a whole buffet of deals to be done, and scaling up volume now while the end buyer market is still there seems like the intelligent thing to do. For most it is just about having all of the capital to do it.


Transactional Funding

Transactional funding is still available for real estate investors. This is the easiest investment capital to get your hands on to fund your deals.


Best Transaction Funding doesn’t require a credit score, appraisal or income verification. That means no headaches if you missed some work or your income stalled during the pandemic, your bank hurt your credit by cancelling your credit line, or you just load up on too much toilet paper and other supplies on your credit cards. You can make offers with confidence, without worrying about appraisal issues, while being able to close in just days.


Real Estate Wholesaling

Transactional funding is specifically designed for real estate wholesaling. The lowest risk and highest reward real estate strategy to deploy in this current market.


Whether you are just getting started, need to fill gaps in rental income while waiting on evictions, or need to put lump sums in the bank to make up for lost credit lines you were counting on to finish rehab projects, wholesaling could be the ideal solution.

 

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Where To Find The Money To Flip Houses In 2017

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on Thursday, 02 March 2017
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Where can real estate investors find the money to flip houses this year?

The US real estate market is surging again. Home sales hit a new 10 year record in January 2017 according to NAR and Inman. Yet, it still takes money to make money. So, where can investors find the capital to get started, expand, and make the most of the opportunities?

Lines of Credit & Personal Loans

Despite all of the gurus proclaiming the ability to flip houses with no money and no credit, investors will find they run into expenses. They may find 100% financing for property deals, but there is still due diligence, gas money, and marketing. Personal or small business loans and lines of credit can provide essential working capital, and the flexibility to use it for everything from launching a real estate startup to rehabbing homes. Do expect lenders to demand a reasonable credit score, and normally an existing LLC or business entity to have already been set up for those seeking commercial funding.

Blanket Mortgages

For those who already own portfolios of income properties free and clear, or with significant equity a blanket mortgage can help. These mortgage loans can be used to leverage equity from part or all of a portfolio to bridge out and acquire more property. It provides liquidity to act as a cash buyer, with the simplicity of one set of loan documents.

Commercial Conduit Lenders

A new breed of mortgage brokers and conduits are setting up shop, and are aggressively marketing themselves to investors. They may offer lines of credit, blanket loans, and short-term fixed rate mortgages for rehabbing properties. Many now offer stated income loans. Most still expect significant skin in the game from investors, and often want to see a recent track record of successful acquisitions and exits.

Transactional Funding

Transactional funding lenders provide short-term funding for real estate wholesalers. This is typically 100% financing for back to back house flips. Often no appraisals, credit, or income verification is required. It’s fast and easy to get, and rates can be lower than hard money.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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