How to Get Started Borrowing Money for Fix and Flip Real Estate Investing Using Crowdfunding
Want to make real money in real estate investing? Willing to put in some serious time and work to become a real estate mogul? One of the most common ways to get started in real estate is to fix and flip. For the young investor with big dreams and a small bank account, buying distressed real estate, fixing it up, and selling it for a profit is a great option for getting into real estate without tying up your finances for an extended period of time.
This process still requires a significant amount of time and money for the flipper, however. Specifically, there are a few challenges that need to be addressed before investing in a fix-and-flip property. Every investment has its risks, but it’s important to do your homework and learn about the real estate market you’ll be diving into before buying in order to minimize risk.
Is the property a relatively secure investment? In other words, can you buy the property for a low enough rate to make a solid return and sell the property quickly after investing in the repairs? If you aren’t sure, it’s wise not to invest yet.
How will you pay for the property? If you have the financial means to buy the property outright yourself, fantastic! If not, then you’ll need to find family or friends to invest—or work through a crowdfunding platform like Zeus CrowdFunding.
Who will do the renovations? If you have experience doing construction yourself, then you can invest your time in this project. However, if you don’t have the expertise or time to do the renovations yourself, you’ll need to pay someone else to do this for you. Only hire workers or contractors that you trust: Renovations that are completed poorly, over-budget, or past-due can ruin any hopes of making money on your fix-and-flip.
Always find clear, realistic, and financially conservative answers to the questions above before you invest. Once you do, however, it’s possible to earn significant money investing in real estate—even if you don’t have the funds to afford the project on your own. The key is often fast, flexible financing so that you can pounce on opportunities that fit your criteria for success. Zeus CrowdFunding is the fastest crowdfunding platform in the U.S.! We pre-fund the projects that are published on our website, and we complete financing deals in as little as four days—not four weeks.
Although most crowdfunding platforms require borrowers to have the skills and experience necessary to make the deal a success, borrowing from platforms such as Zeus CrowdFunding can be substantially easier and more affordable than other venues. For this reason, Crowdfunding is the perfect way to get into the real estate game and start building wealth.
Unclear on how crowdfunding actually works for borrowers? Let us show you! You can learn more about how real estate crowdfunding works by clicking here.
Still not sure if real estate crowdfunding is ideal for your fix-and-flip project? Click here to learn whether or not real estate crowdfunding is the right step for you.
You can also follow Zeus CrowdFunding on Facebook for regular updates on why so many fix-and-flip real estate investors are joining the Z-Crowd!