Do You Need Cashed Out Of Your Hard Money Loan?

Lets get you into some other smarter financing options. There are many reasons to do so, first of all it’s always best to keep your money working for you. If you just completed a flip you are now looking at big income tax issues. Why not keep your flip and make some monthly cash flow and a much bigger profit on the back end in 1-3 years. Let this flip help fund another down the road.

The Flippers Dilemma

Most flippers cannot hold onto a property despite really wanting to keep it. There simply is not enough cash flow to pay the hard money and all the other expenses just to sit on the property and be a landlord, it’s a vicious cycle that never ends. What if you had other options?

At Flip Sharkz we can have our lending partners cash out re-finance your hard money lender,  with a conventional or commercial loan and lower your monthly expenses. You can now sit on that house and cash flow like a cow. But wait.. you don’t think you want to be a landlord! That’s great too, because we have a program just for you. It’s called the Slow Flip.

What is a Slow Flip?

We find and qualify a tenant buyer (TB) and the TB comes in with a healthy down payment ( we call it an option consideration). Which you can use towards the purchase of the property. The TB gets the consideration payment credited to the final purchase price of the house only if they purchase at the end of the lease period. The TB maintains the property so you don’t have to!

Who Wants Cash Flow?

We make sure you get the monthly cash flow you need in the beginning along with a great ROI in the back end. Who can say no to $300-$500 month positive cash flow? Our typical returns from our investors are 12-20% cash on cash and ROI’s overall of 20-80%. I bet you are not getting that return from a conventional rental property in Eugene? (Maybe if you purchased it in 2008).

Tax Advantages

Best part of this besides the monthly income and a higher sales price than you’d get listing now, is simply the huge tax advantages associated with a investment property. We all know the IRS is pretty liberal with real estate investors. They have to be. We provide housing and the tax benefits with rentals is what keeps the housing machine going.

Here’s a quick checklist of our program:

1-4 SFR’s (NO/O)  – 5+ Multi-family – Mixed Use – Commercial

  • NO INCOME, NO ASSET & NO TAX VERIFICATION TO THE BORROWER
  • $75K –$5MM LOAN AMOUNTS 
  • Closing in your name is also available
  • 3- & 8-year ARM (30-year amortization), Short 12 months IO terms (No Balloons)
  • Fix-and-Flip with rehab funds available
  • Par rates 7.49% to 10.24%
  • Purchase, Rate & Term, Cash Out,
  • No Seasoning of Funds  
  • Up to 5% allowed to broker in fees, points and YSP
  • No Global Underwriting
  • Foreign National & Investor loans available 
  • LTV’s 75% – Commercial 70%
  • Cash out refinance
  • Please contact us for more information

Here’s our 4 basic plans to fit your situation

FlexPerm Loan

Uncomplicated and exible with longer terms. Cash out refinance.

With flexible underwriting and longer terms, our FlexPerm Loan is designed for investors seeking a simple financing solution for purchase or refnance, along with the exibility to remain in the loan for up to 30 years.

KEY FEATURES
  • Great for qualifying W-2 and self-employed investors.
  • Based on property value, not personal income.
  • Best alternative to hard money loans.
  • Available as a 3-year- xed or 8-year- fixed loan, each amortized over 30 years.
PROPERTY TYPES

Investor 1-4 (SFR, Condo, and 2-4 Units), Multi-Family (5+ Units), Mixed-Use, and Commercial (Office, Retail, Warehouse, Self-Storage and Automotive)

Credit QuickFix Loan

A higher LTV alternative to hard money.

With its higher LTV ratio, our Credit QuickFix Loan is designed for investors with credit issues seeking an interest-only, short-term loan as an alternative to hard money financing.

KEY FEATURES
  • A higher LTV than hard money options.
  • Great for borrowers who need a quick close.
  • An interest-only 1-year term provides lower monthly payments.
  • Perfect for acquiring or leveraging real estate with deferred maintenance.
PROPERTY TYPES

Residential 1-4 (SFI, Condo, and 2-4 Units)

ARV Pro Loan

A short term “ Fix-n-Flip” solution.

Our ARV Pro Loan is the best short-term solution for acquiring and improving property value. It’s designed for “ fix-and- flip” investors seeking a short-term, interest-only solution that’s based on the property’s “as repaired value” (ARV).

KEY FEATURES
  • Allows borrowers to finance improvements.
  • Great for borrowers who need a quick close.
  • An interest-only 1-year term provides lower monthly payments.
  • A higher LTV than hard money lenders.
PROPERTY TYPES

Investor 1-4 (SFR, Condo, and 2-4 Units)

Fast50 Loan

A low LTV loan with easy credit requirements.

Our Fast50 Loan is designed for investors with credit issues seeking an interest-only, short-term loan as an alternative to hard money financing.

KEY FEATURES
  • Great for borrowers with a recent bankruptcy or notice of default.
  • No seasoning of ownership required.
  • Improved pricing compared to our FlexPerm program.
  • Derogatory mortgage history is okay.
PROPERTY TYPES

Investor 1-4 (Condo, and 2-4 Units), Multi-Family
(5+ Units), Mixed-Use, and Commercial (Office, Retail, Warehouse, Self-Storage and Automotive)

1 Basic Loan Programs_V4

If any of these programs fit your needs then give us a call and let’s discuss how we can help you. We’d love to sit down and figure out how we can help you get more equity from your investment property. 541-780-2424.

Contact Us

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
  • This field is for validation purposes and should be left unchanged.