Spare Bedroom Start-Up to Multi-Billion Dollar Company: Meeting the Challenges that Come with Success

“The measure of success is not whether you have a tough problem to deal with, but whether it is the same problem you had last year.” -John Foster Dulles You don’t have to be great to start, but you have to start to be great When Anchor Loans was founded back in 1998, my partners and …

How to Use a Fix-and-Flip Loan to “Close as Cash” on a Cash-Only Property Purchase

When the seller of a distressed property stipulates "cash only," it is often because they need to close the deal quickly, and they are looking for a buyer who does not need to wait for approval from a lender to fund the purchase. This type of seller cannot risk having the sale fall through due …

Does a Real Estate Investor Need Good Credit to Get a Fix-and-Flip Loan?

If you are a fix-and-flip investor seeking additional capital to begin your next house flip, you may be considering a fix-and-flip loan from a private hard money lender—and you might be wondering how your credit history could impact your loan approval. If you have ever applied for a conventional mortgage, you know that a bank's decision …

When My Fix-and-Flip Loan with a Hard Money Lender has a Construction Holdback: How Does that Work?

When you partner with a hard money lender for help financing your fix-and-flip project,  your loan might include a construction “holdback” where the lender will help fund the purchase of your fix-and-flip property, then hold back the construction portion of the loan to incrementally pay for the property’s renovation. Why does my hard money loan …

How do Hard Money Lenders Fund Fix-and-Flip Loans so Fast?

In the world of fix-and-flip investing, time wasted is money wasted, so every successful house flipper’s business plan should include strategies for speeding up their turnaround times as much as possible. For many professional house flippers, one of the strategies to speed things up is the use of hard money loans  to leverage their cash on …

What Happens if my Fix-and-Flip Loan Payment to my Hard Money Lender is Late?

In a perfect world, every one of your fix-and-flip projects would run smoothly from purchase to rehab, with buyers snapping up your flipped homes the day they hit the market. Unfortunately, real world snags happen all too often and fix-and-flip investors sometimes find themselves overextended—with their capital reserves stretched to the limit. If you should …

The Borrower-Lender Relationship: How to Choose the Lender That’s Right for You

As a real estate investor, you may have had quite a few good, and maybe not-so-good, experiences with fix-and-flip lenders over the years. Or, if you are new to the business, you might have heard stories of fix-and-flip financing that didn’t quite work out the way the borrower thought it would. When you’ve made the decision to …

The Essentials of House Flipping

There is no shortage of advice for the fix-and-flip investor in 2019. An endless litany of websites, podcasts, and social media feeds shout tips, tricks and everything in between. But what does a fix-and-flip investor really need to know? What are the essentials of house flipping? After more than 20 years helping fix-and-flip investors succeed, …

How to Get Approved for a Fix-and-Flip Loan

As a successful fix-and-flip investor, you know there is nothing more important to your bottom line than quick access to capital. In a competitive industry where cash is king and lucrative deals are snapped up quickly, it is critical to have cash available to execute purchase contracts, compete at foreclosure auctions, close cash-only deals and …

Empty Rental Property: How To Make It Rent-able

An empty rental property isn’t the worst thing that can happen in your real estate business, but it’s far from ideal.