7 Reasons Savvy Real Estate Investors Are Sticking To This Loan
Why are savvy real estate pros sticking to this investment property loan?
Over the last couple of years we’ve seen investment property lenders and loan programs expand. Over time they should continue to soften requirements for retail buyers and higher LTVs ought to make it easier for investors to scale more quickly. However, many of the most experienced appear to be sticking with transactional funding. Why?
Separation From Personal Finances
Those that are really serious about investing and long term success know the advantages of separating business and investment income and assets from their personal every day ones. This can help insure income and preserve wealth when issues arise. Lenders like Best Transaction Funding will fund your business entity to facilitate this extra layer of protection.
You Don’t Need to Have Perfect Credit
Few came through the recent crises with their credit unscathed. This doesn’t mean that they aren’t normally responsible financially, or aren’t good borrowers. Most lenders and banks can’t overcome their broken systems to make common sense loans, even though Q4 2014 data shows the national average FICO score remains in the low 600s range. Transactional funding generally doesn’t have any credit score requirements, and can be exactly what new and returning real estate investors need to get going.
100% Financing
Best Transaction Funding provides 100% financing for flipping houses. In fact, some are even able to finance in their closing costs for zero down deals and instant profits. With easy qualifying it’s really a no-brainer, and it sure beats investors trying to be overly creative and landing themselves in jail due to real estate fraud in an effort to get mortgage loans they shouldn’t.
Checks the Boxes of Golden Investment Principles
Transactional funding checks the boxes when it comes to sticking to several of the most important real estate investment principles. Perhaps above all it helps investors ensure they don’t deviate from making their money when they buy. Sticking to wholesaling in this manner they are virtually guaranteed a profit before they close.
No Long Term Debt
Building on the above; it means not taking on long term debt. While this may be a ripe time to scale and leverage, those that survived the recent downturn know not to fall for the trap of leveraging themselves up to the eyeballs.
Related: 4 Unique Advantages of Wholesaling Houses
Speed
One real estate startup recently claimed to be launching on the ‘uniqueness’ of being able to close mortgage loans in just 20 days. While that may be faster than some conventional banks right now, it’s still very lengthy. At least compared to this type of funding which can put cash in investors’ hands in as little as 3 days.
Reducing Liability
In addition to the separation of ‘business’ and personal interests, transaction funding reduces liability by keeping investors liquid, and enabling them to scale without depleting cash reserves. It can also help in negotiations and when there are hiccups with closings. This can be just as powerful as the benefits in making more gains.
Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.
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"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
- Frank Olaitan, Real Estate Investor, MD
"I can't thank you and your company enough for providing funding for our latest project, and right at the last minute. You came through with funding in less than 24 hours and coordinated with the closing agent and attorneys like you had been involved with our project the entire way. I'll know exactly where to call for the funding we'll need for our next project."
- Dave Pricken, Real Estate Investor, NJ
"Thank you so much! I just had a talk with our Realtor on both properties and told him amazing things about your company!... Normally I rehab the houses and re resells them. I just don't have the patience for that work anymore. This [transactional funding] is such a better way for me and less stress."
- Steven Kupecz, Real Estate Investor, TN
"We want to thank you for the exceptional customer service you provided. No one comes close. We had contacted a competitor the same time we contacted your company. Your company responded with in a few minutes while the competitor has yet to respond weeks later even after multiple phone calls and emails. Thanks again for the unmatched customer service."
"We had looked into several transaction lenders for a couple properties we were trying to flip. Your company was the most responsive and had the best pricing. Even though we had logistics issues with the B/C lender, your company acted very professionally and handled our requests beyond our expectations."
"Thank you for your commitment to an excellent customer experience."
- Phoenix Properties, LLC, Ronald Destefani, Investor, PA
"I was studying on how transactional funding works and you guys had the best and most thorough explanations posted so I could fully understand the details in back to back closing. I'd already started setting everything up but your video confirmed that I'm on the right track."
- La'Donna Turnipseed-Scott, Investor, LA
"....a few months back, I happened upon a video, on your site, regarding the use of transactional funding with Hud properties; and I found myself replaying the video over and over because of the value that I saw in the message...it actually explained the process, step-by-step on how to submit a Hud deal by using transactional funding. Once I completed the video, my initial response was to take immediate action by duplicating what I had learned from the video into real time. So I did some research on properties in a market where I knew I had buyers; and put together a hud deal. I then located a realtor able and willing to submit my bid online and within a couple of days, to my surprise, received a call telling me that I had won – my very 1st Hud bid."
"To you I say, ”KUDOS to Best Transactional Funding and Thank you for providing the education and services to Real Estate Entrepreneurs like me. Please keep up the good work!'"
- T. A. Davis, Investor, NJ
"You each deserve high marks for your wonderfully quick response time to each of our questions and requests! You hit home runs with us! Your application system was easy to use. Our deal met your qualifications and every time Rob Kozak or any member of Mystic Properties, LLC phoned, we received a "real" person dialing back to speak with us.
Your patience and persistence were exceptional in dealing with our business interests. Thank you for such great customer service! We look forward to working with your staff, again, in the future. We like referring people to you, as us, our team would have missed-out on an excellent earning opportunity.
Your help negotiating with our title company made our back-to-back deal, finally happen. People noticed on settlement day how effectively and efficiently your part of the transaction was organized and executed. Again, thank you for truthfully being the "BEST" at what you do!"
- Diane McAdams, Mystic Properties, LLC, Real Estate Investor, Pennsylvania
"Boy, you guys are impressive! I can’t thank you enough for scrambling and getting my deal done at the last minute like that. You and your team were awesome!"
- Donna Bauer, The NoteBuyer Inc., Real Estate Investor, OH
"Thank you so much for working so diligently with me. Your services really are the "BEST". I look forward to working with you in the near future!"
- Ericka B., Real Estate Investor, CA
