The Benefits of P2P Fix and Flip loans to Investors

When investors think about purchasing fix and flip properties, they always go through traditional lenders. However, the process involved can be rigorous and can even take months to complete it. This can be quite a disadvantage for an investor who needs quick cash to close a deal in the shortest time possible. However, peer to peer companies can come to your rescue.

Below are the benefits of peer to peer fix and flip lends to investors:

• Competitive Pricing. Peer to peer investing offers competitive prices with fees and rates when compared to alternative sources.
• Newer Investors. Seasoned investors who have large bankrolls may not have problems getting loans from banks, unlike new investors. P2P fix and flip loans are of great advantage to newer investors who do not have adequate cash available for the project.
• 100% Financing. Investors can get 100% financing if they are willing to share their profits or are willing to cross-collateralize with other real estate properties.
• Improvement Funds. Most P2P lenders also offer improvement funds to investors or developers. This makes it possible for the developer to not use his/her own cash for repairs.
• No Penalties or Fines. Most P2P loans do not have prepayment penalties or fines on their fix and flip loans.
• Controlled Funds. Since P2P loans may involve different investors, most financial institutions will be of the same opinion to partial release of the financing, especially for properties that have over one unit. This allows the money to be channeled to what it was really intended for.
• Borrower Flexibility. Peer to peer investing offers borrower flexibility. Investors can get a fix and flip financing regardless of the number of properties that they currently own.
• Quick approval and closing time. Investors seeking P2P loans can secure pre-approval in less than 2 days and they can get the credit in one week. This helps investors to remain competitive in their contracts more than ever for those that rely exclusively on cash.

Most investors purchase old properties, repair them and then sell them afterwards at a profit. Financing real estate fix and flips through P2P loans is an excellent way of purchasing properties and making a profit from them afterwards. However, finding traditional lenders who can offer short-term loans that are needed for flipping a home is not easy.

Having a down payment can help you to get a better deal from your creditors as every party needs secured investments. Blackhawk acts as an intermediary and connects borrowers with individuals who are willing to lend them money for their real estate projects.

For more information please visit Peer to peer investing

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