Flipping houses isn’t always as glamorous as it looks on TV. But it can be a great way to bring in a steady stream of investment income. To get started, you’ll need some cash to finance your renovation project. Luckily, there’s more than one way to get the money you need to flip a house. Check out the different financing options that house flippers have.
Hi Glen Gallucci here from Peak Private Lending and today’s tip of the week we’re going to share with you Five Ways to Finance your Real Estate Flip.
First way is obviously is you use your own funds. If you have funds that are available you most certainly can use that to fund your own projects.
Second way would be any credit lines that you have. You could have personal credit lines. You could have a home equity credit line where you have equity in your home you can borrow against that.
The third way is to use private funds. And what I mean by private funds is you can get those funds from your family friends. Just be careful and make sure you show them how their funds are protected. That’s what they want to know.
The fourth way is to use traditional hard money lenders.
And the fifth way is to use private money. And that’s what we are. Peak Private Lending. We’re private lenders but we also are hard money lenders. The funds that we use are all private funds. We’re very flexible and we have a lot more room to work with borrowers.
So those five ways that you can finance your flips. Pick one of two or three of them if you have any questions contact us at https://www.peakprivatelending.com we are more than happy to go over your deals. See you there.
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