How to Find a Fix and Flip / Hard Money Loan Tampa FL
Fix and Flip Loans in Tampa FL for Serious Real Estate Investors
Neal Business Funding is a private money lender that offers short-term hard money loans to real estate investors in all of Florida. We offer private money loans for a property purchase, rehab or new construction of non-owner occupied (investment) properties.
-up to 75% ARV
-Up to 90% Financing for Purchase Amount
GET A FREE NO-OBLIGATION RATE QUOTE TODAY 315-699-4703
Flipping houses in Tampa can be a very lucrative idea for a business. You can make a nice living out of buying outdated properties, renovating or upgrading them, and then selling them for a profit. As long as the real estate market stays stable, this is one of the best business opportunities in this industry. The only downside is the relatively high entry barrier. You need money to buy a property and to pay for the renovation works. How are you going to afford it when you live from paycheck to paycheck? You need financing, at least for the very first house flip. Let’s see how you can find the best fix & flip Financing in Tampa opportunities to get you started on your path to house flipping for a profit.
But what about the local banks?
You may think that any bank will be happy to lend you the money you need to start such a lucrative endeavor. In reality, banks aren’t that willing to lend people money, unless they are absolutely certain they will see it back. Most people don’t qualify for the type of loan you need, so you may have to find an alternative to banks. Fortunately, there are lenders out there who know how to spot a profit opportunity like this one. They would finance your real estate flipping projects, provided that you can prove the viability of your ideas.
Have a Plan in Place
Always prepare a solid business plan to show potential lenders. Most of them are happy to finance profitable endeavors that can help them earn more money in the long run. Investors seek for long-term profits, and businesses like yours can offer them exactly what they look for. Bank interests will never match the earning potential of a well-thought business project, be it house flipping or anything else for that matter.
Loan Details Do Matter
When searching for the best fix and flip financing Tampa can offer you, you need to take into account your specific financial situation, in order to be able to estimate how much money you can get. The good news is that solutions like ours don’t require you to have an excellent credit situation to qualify for a loan. We understand your needs, and we know that you don’t need to have the best credit score ever to repay your debts. If you aren’t sure whether you are eligible for a house flipping loan, you’re welcome to contact us for an in-depth discussion with one of our finance consultants. You’ll learn more about our range of products and services, as well as about the opportunity of a long-term cooperation between us.
Our Hard Money Loan Rates are Competitive
Although we may have exactly the solution you need, we urge you to go ahead and search for the best hard money lenders in Tampa to contact for a customized offer. It’s always a good idea to have at shop around to fix and flip lenders in Tampa, in order to choose the one that best suits your needs and your specific situation. Asking multiple lenders for a quote will enable you to gain a better understanding of the market and of your available opportunities to finance your real estate flipping business. Compare interest rates, but also take a closer look at other details that may influence the evolution of your real estate flipping projects. Sometimes, a faster approval or better financing conditions may be more important than getting the best possible interest rate. You may not be able to take advantage of the best opportunities, if you don’t have immediate access to funding. The best fix and flip loan Tampa solutions are the ones you can access exactly when you need them most. This is why you have to do proper market research to come up with a shortlist of financial institutions that may agree to approve you for a fast loan without the need for paperwork that may slow you down.
Do Your Research
The most important thing is that you make a profit out of your endeavors. This means that you should estimate your expenses in the most accurate manner possible. Next, you should research the Tamp real estate market to see how much you could sell your upgraded property for. Zillow is a great place to do your research for flipping houses in Tampa. By putting all these figures together into a spreadsheet, you should be able to determine the profitability of your project. Call us now to see how we fit into your plans.