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Investor Profiles and Referral Sources for Fix and Flip Loans

June 19, 2024

In recent years, the fix and flip real estate market has seen a significant surge, primarily driven by city dwellers seeking a change from pandemic life and moving to suburban areas.

As low stock motivates investors to snap up investment properties, fix them up, and sell them for a profit, it’s becoming increasingly important to identify referral sources for fix and flip loans.

Capitalizing on this opportunity, however, requires understanding the different types of investors in this market first.

The Different Types of Fix and Flip Investors

  1. The Contractor Turned Investor

With a background in construction or contracting, these contractor-turned-investors have hands-on experience and expertise in building and renovation, making them uniquely qualified to identify properties with potential and cost-effectively manage the renovation process. Offering fix and flip loans to these investors can help them leverage their skills and knowledge to maximize their profits.

  1. The Strategic Investor

Strategic investors approach each project with a clear plan and specific goals in mind. They meticulously analyze market trends, target neighborhoods with high appreciation potential, and optimize their renovation budgets to maximize their profits. Understanding their strategic approach can help you provide loans that align with their goals and investment strategy.

  1. The Team Player

These investors prefer to work as part of a team, often collaborating with real estate agents, contractors, property managers, and other professionals to streamline the flipping process. They understand the value of building strong relationships within the real estate industry and leverage these connections to their advantage. Offering fix and flip loans to these investors can help you strengthen your network.

  1. The Serial Flipper

Serial flippers thrive on managing multiple projects at once and excel at adapting to market changes. They’re always looking for ways to maximize their returns through efficient project management.

Identifying Potential Referral Sources

There are a lot of potential referral sources for fix and flip loans if you know where to look. Here are some places to start:

  • Real Estate Investment Clubs: These clubs often include investors, brokers, and other real estate professionals. They can be a rich source of referrals as their members are typically actively involved in the real estate market.
  • Real Estate Meetup Groups: Like investment clubs, these groups provide a platform for networking and sharing insights about the real estate market.
  • Home Flipping Conferences and Seminars: These events attract a wide range of professionals, from seasoned flippers to new investors, providing ample opportunities for networking and referrals.
  • Online Forums and Social Media Groups: LinkedIn and Facebook host numerous real estate-focused groups. Getting involved in discussions on these platforms can help you connect with potential referral sources.

LendSure’s Fix and Flip loan program offers quick approvals, typically within hours, not days. We also offer competitive interest rates, up to 85% of the purchase price, and up to 100% of the construction cost on some loans, all while working with those with credit scores as low as 660. We consider single-family, multifamily, and mixed-use properties on a case-by-case basis.

Want to learn more? Head over to part 1 and 3 of our Fix and Flip loan blog series to explore:

The LendSure Way

It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers ratios, and data to consider, but we know that behind every file, there’s an individual with a unique circumstance seeking a loan. We work hard to offer our common-sense take on lending to borrowers seeking funding for the home of their dreams, another addition to their investment property portfolio, or refinancing of a currently-owned property.

Are you ready to benefit from a common-sense approach to lending? Contact us today to learn more about non-QM loans and how partnering with LendSure Mortgage Corp. can help grow your bottom line.

Contact Us: (888) 707-7811