Selecting a Real Estate Agent
As you start your fix and flip business, you’ll need to identify a network of one or more real estate agents who can help you locate properties, determine prices, and submit paperwork on your behalf. Finding the right agent is an important step, and you should spend time interviewing agents until you find one who understands and will help you achieve your goals. Here are some tips for finding the right agent:
Find an agent who actively works with investors.
The needs of property investors are very different from those of traditional homebuyers, and you need an agent who understands this. Rather than driving you around looking for that “perfect” house for your family to live in, your agent will be presenting you with deals based on projected returns and investment parameters – and many agents are simply not experienced in this approach. Additionally, once you start bidding on properties, you’ll likely be submitting offers on many properties at a time, so be sure you find any agent who is willing and able to submit your offers quickly and reliably.
Find someone who has a solid knowledge of property values.
In order to bid on a fix and flip property, you’ll need to quickly and accurately estimate both its current and renovated values. A good agent should understand the local market and be able to give you reliable estimates of these values. While your agent’s estimates should never replace your own research, it’s important to have someone who can independently confirm your conclusions.
Find a full-time agent with consistent production.
The world is full of part-time agents, to whom real estate is little more than a hobby. Don’t let these inexperienced agents jeopardize your success – find an agent who devotes their full time to their profession and consistently closes several deals each month.
Don’t limit yourself to one agent.
A common mistake is limiting your network to only one agent. Each agent has his or her own area of specialized knowledge – such as a neighborhood or a specific area of your town. If you want to move outside of that area, don’t necessarily rely on your existing agent to help; finding a specialist in each are you want to target will greatly increase your chances of success.
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LYNK Capital is a fast-growing hard money lender offering hard money fix and flip loans, rehab and renovation loans, construction loans, and rental property loans to real estate investors. LYNK Capital is a direct private lender that offers lending solutions to real estate investors, contractors, builders, and developers.
Hard Money Fix and Flip Loans
LYNK Capital is your fix and flip lender. We offer hard money fix and flip loans for real estate investors. Fund your rehab or renovation project quickly with competitive interest rates and origination fees. Faster than bank financing with more flexible loan terms. Purchase and refinance options available.
Hard Money Construction Loans
Hard money new construction loans for builders and developers. Fund your new construction project quickly with competitive interest rates and origination fees. Faster than bank financing with more flexible loan terms. Purchase and refinance options available.
Single-family rental loans for real estate investors. Borrow up to 80% of your property value. Finance your investment property quickly and easily. Rental property loans can be used to purchase your property or to refinance your existing portfolio. Cash out loans are permitted.
Where Does LYNK Capital Lend?
LYNK Capital makes hard money fix and flip and construction loans in: Alabama, Connecticut, District of Columbia, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
Get a hard money loan for your investment property today with our online rate quote and pre-approval.