What We Do For You:
1. We provide our students with “Proof of Funds Availability” so you can make offers on properties where the seller or seller’s agent requires it. This opens the door of opportunity for many people, who otherwise could not participate, to buy and sell properties with huge profits.
2. Then, and perhaps more importantly, we arrange funding for the four different types of afilliate (Buy, Fix and Flip, Refinance & Lease/Option, Buy & Flip "As Is", Pre-Construction) through our affiliate partners. We work with our students to make all successful transaction possible.
3. With no money down or any credit of your own, you split the profits with us and start earning money in real estate.
Below is our FAQ info. If you have any further questions, please feel free to contact us.
Are your Proof of Funds Letters accepted everywhere?
Yes, our Proof of Funds Letters are ACCEPTED EVERYWHERE. Our Proof of Funds letters are provided on official letterhead through our supporting financial institutions. On occasion, an agent or bank representative may request a Verification of Deposit, or VOD, in the form of a bank statement or other verifying documentation. When faced with this, please ask the requesting party to contact us by email (preferred) funding@loaning4less.com, by phone at (303) 835-8280. We will respond expeditiously to support your funds availability.
What information do we need to provide for the Proof of Funds Letter?
We have two options. In either case, the letter will be generated in our name, our entity’s name or both. If you desire a property specific letter, please be ready to provide the address information for your subject property and amount required. For a blanket letter, only an amount required is necessary.
How soon can I obtain a Proof of Funds Letter?
You are able to receive your own Proof of Funds Letters on demand at anytime after compleating your training with your personal coach.
Do you cover closing costs?
Yes, we may request any amount necessary to cover our closing costs and any other fees associated with our transaction. This helps to limit our out of pocket expense.
How much funding may I request?
We will fund amount up to $600,000 per transaction. There is absolutely no limitation on property type. If you can flip it, we WILL fund it!
What if I am having trouble with my title company in regards to utilizing your funding?
Please fee free to contact our Funding Team directly for assistance. We are more than happy to work with the title company in facilitating your closing.
What about FHA?
FHA requirements did demand a minimum of 90 days seasoning in regards to title. Whereas transactional funding would not be available for theses types of transactions, but FHA will suspend it's anti-flipping rule for another year until January 2012. Please contact Funding Team for further details.
Does my credit or income affect my ability to use your funding?
We do NOT have any type of credit or income requirements associated with our program! Unlike others, we do NOT base fees or approval on your background or current financial situation. Everyone qualifies for funding!
Once I have a deal on the table, how do I request funding?
You simply work with your assigned representitive. Provide us with your property information, upon verification, we will provide the details required for closing.
The above funding programs are available only to participants who have successfully completed "our" training program.
By completing our training program, you may qualify for us to Buy and Sell, REO /Foreclosure Properties using No Money Of Your Own.
At Loaning4Less.comTM we make it possible for all of our trained Real Estate Investors, to buy and sell properties quickly and easily for substantial profits. If you don't have the capital or the credit to purchase real estate on our own, you may qualify to partner with us to purchase the properties regardless of your financial situation, and split the profits.
Where You Need Our Service:
"Flipping" has become the buzzword over the past several years in real estate - flipping books, flipping articles in the newspaper, and even flipping shows on TV! What is flipping, how does it work and how you can profit? Flipping simply means buying a house and reselling it quickly, as opposed to holding on to a property long term as a rental. Flipping comes in several varieties, most of which are legal and profitable, some of which are not. Below are the types of flipping we are interested in our students bringing us.
Flip Strategy #1: Buy, Fix and Flip
Let's start with the most common form - the good, old "fix 'n flip". This process involves buying a property that needs work, fixing it up, then selling on the "retail" market, that is, to a person who will live in the property. This method is tried and true, and works very well. You can easily make $15 - $50k partnering with us on one deal, depending on your market and how good you are at finding bargains. The danger in fix and flips is either paying too much or underestimating repairs. Be very conservative in your fix-up costs and length of time it may take to resell. Also, make sure you include in your analysis the cost of paying a real estate agent to sell the property.
Flip Strategy #2: Buy, Refinance & Lease/Option
Rather than sell the fixed up property for all cash, sell for terms. Once you have completed the rehab, refinance the property at its new appraised value. If you did the math correctly, you should have little or no money in the deal. Sell the property on a lease with option to buy. The rent payment from your tenant/buyer should cover your mortgage payment (if not, consider an interest-only or adjustable rate loan that is fixed for 3 years). When your tenant exercises his option to purchase, you reap a larger profit, since you don't have to pay a broker's fee. If the tenant exercises his option after 12 months, you benefit from a lower capital gains tax rate.
Flip Strategy #3: Buy & Flip "As Is"
Don't like to do fix-up work? Consider selling the property "as is" as a light fixer upper. If the local real estate market is hot, you should be able to sell the property in poor condition just a little below market. This is especially the case with houses in "transitioning" neighborhoods. Make sure, of course, that you acquire the property sufficiently cheap enough that you can sell it below market quickly and still profit.
In very hot real estate markets, prices are appreciating as much as 2% per month. If you time things right, you can put a contract on a pre-construction house or condominium, then flip it to someone else when the development is complete. If it takes 12 months for the development to be complete, and the condo price is $500,000, you could make $100,000 or more in one year! Of course, the opposite is also true - you could end up losing money if the local economy tanks and you end up with a worthless condo that you can't sell for more than you paid. Use this approach very carefully.
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