Five Ways to Establish Trust with a Seller

  It’s not surprising that when you do the things necessary to quickly establish trust with a seller, your ability to make a successful offer on a fix-and-flip property goes up dramatically.   You’ve worked hard to find a very particular kind of seller and property, and now you have to get them to agree to …

Three Methods for Estimating the Value of a Fix-and-Flip property

  Although there are a wide of variety of methods that fix-and-flip professionals use when estimating the value of a potential investment property, below are three of the most common and proven approaches. Before we get started, it is important to note that there is no right or wrong answer here.  Each approach is a viable …

Four Proven Steps When Analyzing a Fix-and-Flip Property

  Experienced fix-and-flip professionals know that analyzing a few simple best practices can help to quickly identify (or eliminate) an investment candidate.  Below are four of the most common ones to apply when analyzing your next property.   First, “pull the comps” from MLS.com for recently sold houses in your target neighborhood that possessed a similar size, layout and …

Stories of a First-Time Home Flipper and Single Woman

In a wonderful series of articles, the Chicago Tribune follows Beth Franken, a first-time home flipper and a single woman.  In many ways, her journey is similar to one that almost of us probably went through during our first-time foray into fixing-and-flipping a property. The floor guy doesn’t show, a sanitary pipe ends up outside …

What is Fix-and-Flip Financing and Why Should You Consider It?

Fix-and-flip financing (hard money loans) are simply a short-term loan secured by real estate. Sometimes referred to as “private money,” these loans are funded by private investors (or a fund of investors) as opposed to funds available from conventional lenders such as banks or credit unions.  They typically feature higher interest rates compared to longer-term …

Tap Others in Your Network to Get Fix-and-Flip Leads Faster

Finding your next fix-and-flip property doesn’t always need to fall squarely on your shoulders.  In fact, successful fix-and-flip businesses build a team of experts into their network that become their “eyes, ears, and feet-on-the-ground” when it comes to discovering the next great opportunity.   What does this network look like?  Well, it can include the following: …

Top Criteria to Consider when Targeting Your Next Fix-and-Flip Neighborhood

Experts agree that targeting several key neighborhood criteria can lead to more successful fix-and-flip deals.  One of them is focusing on the right neighborhoods given your own personal location and intentions.   Here are several targeting items to consider:   * Proximity to your work and home – the closer the better. * Selling prices – are …

Fix-And-Flip Financing FAQ – Your Top Four Questions Answered

If you are looking to scale up your volume, snap up quick deals and increase your ROI, short-term fix-and-flip financing may be the right choice for you.  At Anchor Loans, we get asked a lot of questions about flip financing projects, and below are four that we probably hear most often.   1) Borrowing money …

Getting Loan Approvals for Distressed Properties and Lower Credit Scores

  Do you need to quickly get a loan approved for a distressed property but also have a lower credit score?  A private direct lender that specializes in fix-and-flip financing recognizes the potential After-Repair Value (ARV) of distressed property and can quickly approve and disburse the funds you need to purchase and rehab a property you have …

Anchor Loans Fix-and-Flip Borrowers Guide is Now Available

  Interested in faster loan closings, lower risk, and growing your fix-and-flip business?  Get our free step by step Fix-and-Flip Borrowers Guide for driving ROI and growth.   According to real estate data cruncher RealtyTrac, the average return on investment for U.S. house flips grew from 20% in 2011 to 35% in 2015—with many markets averaging …