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Hard Money Lender Investors

3 Reasons Why Now is the Ultimate Time to get a Fix and Flip Loan

Posted by Ken Meyer on Mon, Nov 09, 2015

hard money lenders for investment propertyIf you are interested in investing in real estate, you might have thought about purchasing a fixer-upper and "flipping it." If you have been putting it off, you should know that there are a few reasons why now is the ultimate time to get a fix and flip loan.

1. They're Fast

With companies like Trust Deed Capital, it's easy to find a hard money loan fast, but don’t forget to do your due diligence by researching and interviewing all Hard Money Lenders you’re considering. An experienced, trusted, hard money lender should be able to respond quickly and fund most loans within 7-10 business days. Their expertise and timeliness can make or break a deal, so choosing the right hard money lender for your investment property will help make the process of getting the best financing fast and easy, without missing out on the deal.

2. There are More Investors

There are more potential investors who are interested in hard money loans now than there have been in the past few years. This is because the popularity of hard money loans has surged, and more and more people are willing to get in on the game. Average investors can expect anywhere from 8-12% annualized return on their money in a short period of time, as most trust deed investments mature in 1-5 years. Also, trust deed investing has relatively low risk if the borrower is an experienced real estate house flipper. Given the manageable risk/reward, investors are very happy with this investment vehicle and it is definitely gaining popularity.

3. You Can Still Apply With Bad Credit

Getting a loan with bad credit can be tough through most lenders. However, hard money lenders are usually more understanding about your situation. During a time when many people have low credit scores due to job loss, bankruptcy and other issues, this can be helpful. In fact, a fix and flip loan for your investment property can help you repair your bad credit if you able to find the right deal, flip it quickly, and put your profit into play for your next flip. Bottom line; don’t let bad credit prevent you from seeking out a hard money loan that works for your specific investment property.

As you can see, now is a great time to look into a fix and flip loan. To find out more about your options, contact us at Trust Deed Capital.

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