Northwest Private Lending specializes in hard money loans for fix-and-flip investments. The strategy involves purchasing discounted properties, renovating them to meet conventional lending standards or increase value, then selling for profit.
50% or more of your profit is going to come from the discounted price you are paying for the property. Success requires finding undervalued properties and being aware of structural issues like roof leaks, water damage, or foundation problems.
Deals can be found through foreclosure auctions, bank-owned properties, distressed sellers, cash-only listings, and properties that don't meet conventional financing requirements. Other strategies include direct mail, door-to-door prospecting, probate leads, and wholesaler connections.
Key considerations before flipping include: knowing your location, conducting due diligence, maintaining organized budgets, understanding market cycles, completing projects on time, accounting for permits, maintaining credit lines, budgeting for overages (15% minimum), assembling a reliable crew, considering licensing, and recognizing that capital costs significantly impact profits.
Contact Northwest Private Lending at 503-941-5473 or apply online for fix-and-flip financing.