šŸ“¬Thinking About a Fix and Flip?

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Real Estate Agent with Vacasa SA634540000

šŸ‘‹Thinking About a Fix and Flip?

Ā 

Ā ā˜€ļøFor ALL of Your East Valley AZ Real Estate Needs

šŸ“žCall Brian at 480-773-2370

šŸ™‹ā€ā™‚Text Brian at 480-773-2370

šŸ“ØEmail Brian at brian@bke12.com

Ā 

Are you thinking of buying an investment property?Ā  Real estate investing is one of the most lucrative ways to build wealth and diversify your portfolio.

Ā 

However, not many have hundreds of thousands of dollars in their accounts to purchase a rental property.Ā  While there are many investment property financing methods available today, not all will work for everyone.Ā  One feasible option for those who donā€™t have deep pockets and canā€™t qualify for a traditional mortgage is using hard money loans for rental property.Ā  But what are hard money loans and how do real estate investors find hard money lenders?

Ā 

Alex Karani discusses How to Find Hard Money Lenders for Real Estate, to read click here

Ā 

Ā 

ā˜€ļøFor ALL of Your East Valley AZ Real Estate Needs

šŸ“žCall Brian at 480-773-2370

šŸ™‹ā€ā™‚Text Brian at 480-773-2370

šŸ“ØEmail Brian at brian@bke12.com

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Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Good morningĀ Wayne MartinĀ and nothing is wrong with that kitchen, it is an example of what a kitchen can become when fixing up a home that needs updating.

Sep 18, 2020 05:13 AM #7
Rainmaker
1,626,157
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

There are various funding options as you/Alex point out.

Enjoy your day!

Sep 18, 2020 05:14 AM #8
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Good morningĀ Kris Collis, Associate BrokerĀ and you are right about that, not having to use a hard money lender is the best way to go.

Sep 18, 2020 05:15 AM #9
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Good morningĀ Barbara TodaroĀ there are definitely options when it comes to fixing up a home as an investment.

Sep 18, 2020 05:16 AM #10
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

That is trueĀ Roy KelleyĀ and people also will do them from their retirement accounts with real estate being the investment vehicle rather than the stock market.

Sep 18, 2020 05:17 AM #11
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

That is the truthĀ Michael JacobsĀ and I really enjoy doing flips, but I would not want to use hard money to do them.Ā  It would add the extra stress that I would not want, haha.

Sep 18, 2020 05:23 AM #12
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

I have always wanted to have that type of partnershipĀ Nick Vandekar, 610-203-4543Ā but have yet to find it.

Sep 18, 2020 05:25 AM #13
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Good morningĀ Kat PalmiottiĀ and deciding upon which option to use is a decision that is different for everyone.

Sep 18, 2020 05:26 AM #14
Rainmaker
2,250,868
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Brian England -Ā  those are creative ways.Ā  I remember speaking at a real estate investors group. Flippers in the groups will meet investers.

Sep 18, 2020 05:57 AM #15
Rainmaker
4,442,797
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, we are seeing less fix n flips right now, as inventory is tight, and prices are high!Ā Ā 

Sep 18, 2020 06:28 AM #16
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Good morningĀ Grant SchneiderĀ and I have never actively tried to find an investor, but I should have.

Sep 18, 2020 06:29 AM #17
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

We see them less in our area as wellĀ Joan CoxĀ since there are so many trying to do them, the margins have shrunk.

Sep 18, 2020 06:29 AM #18
Rainmaker
3,412,557
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Watching a TV show sometime ago Brian , I remember how a would-be investing couple took out a hard money loan...and they could not finish their project. It's not an easy process...

Sep 18, 2020 06:31 AM #19
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

There is definitely a risk in doing thatĀ Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400Ā and people should know that it isn't as easy as it appears on tv.

Sep 18, 2020 06:43 AM #20
Rainmaker
5,004,855
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good morning Brian,

Thank you for sharing this article. Ā You definitely have to know what you are doing. Ā A

Sep 18, 2020 09:39 AM #21
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Good morningĀ Ron and Alexandra SeigelĀ you definitely do or you could lose a lot of money.

Sep 18, 2020 10:13 AM #22
Ambassador
4,076,817
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Brian I agree real estate is a great investment.Ā  Financing can be an issue as you stated, however, knowing what to do especially with a property that needs some work is another big issue.

Sep 18, 2020 12:14 PM #23
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Very trueĀ George SoutoĀ and if the home doesn't qualify for financing, it's good to know there are still options.

Sep 18, 2020 02:07 PM #24
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Brian- Sadly there are so many flippers who flop because they don't find someone who can help guide them through the process.Ā 

Sep 18, 2020 05:00 PM #25
Rainmaker
3,038,280
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

Well, that is the way get rich schemes workĀ Kathy StreibĀ people think it's easy to make a buck when it isn't, haha.

Sep 18, 2020 06:27 PM #26
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Rainmaker
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Brian England

MBA, GRI, REALTORĀ® Real Estate in East Valley AZ
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