Phoenix real estate developers/flipper financing

**GIGATT50** · 05-03-2018, 02:20 PM

Anyone in the forum funds or know of a funding source for real estate developers/flippers. I have two clients inquire and I need to know if these deals are a pain in the tuckus

or not and avoid them. Please advise. Thx in advance.

**J.Celifarco** · 05-03-2018, 02:25 PM

Originally Posted by GIGATT50

Anyone in the forum funds or know of a funding source for real estate developers/flippers. I have two clients inquire and I need to know if these deals are a pain in the tuchus

or not and avoid them. Please advise. Thx in advance.

I deal with a mortgage company that does fix and flip loans. If the client has a track record of flipping houses for a profit they could qualify for this. Its essentially a LOC based on total net worth and property8 values and is renewable and can be used over and over to flip houses. It is a lot of paperwork and Commissions are low but if you do a few of them you can make decent money. Feel free to call me to discuss this in more detail

**abfunders** · 05-03-2018, 02:29 PM

I'm doing the same thing as John, I'm sure it's the same company.
I have 2 LOC created already, one for $915,000 the other for $715,000.
Very cool product.

**GIGATT50** · 05-03-2018, 02:45 PM

Thanks and I will be reaching out to you once I meet with the client this coming Monday. They flip homes both in Phoenix and Beverly Hills. I will get the specifics and reach out to you.
What would I need from them once we meet to get the process going? I will request them at the meeting.

**dpFund** · 05-09-2018, 10:41 AM

Hi David,

I can fund Fix/Flips. If you have an experienced investor, typically we are looking at 80% funding of the purchase price (sometimes a little higher) and 100% of the Renovation funds. The renovation dollars operate a lot like a LOC. The total combined amount of funding (purchase plus renovation dollars) cannot exceed 70% of the after-renovation value (ARV).

Yes, there are nuances and they can be complicated, especially if the client is not seasoned. But they can also fly right through if the deals are clean.

Feel free to reach out and discuss if you like. Email or phone is best (not PM).

Thanks,

Dan Page
Boulder Equity Partners
Direct: (303) 938-8280
dan@BoulderEquityPartners.com

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