Ontario Fix and Flip Loans
Delancey Street is a premier, and trusted, Ontario fix and flip lender. We understand the challenges and immense opportunities fix and flip investors have, and can help you. We provide nationwide funding for fix and flip projects. Regardless of whether it’s a residential, commercial, or multiunit property – we can help. We don’t do credit checks, and focus exclusively on your property and the quality of your project.
Over the last decade, flipping houses has become a popular pastime and terminology in American culture (among a few others). The idea of buying a house just to fix it and flip it for a profit isn’t a new one. Fortunately, with gentrification occurring – there are many opportunities to make money fixing and flipping properties.
We’re partners and support you
It’s vital to have a good group of people backing you during your project. No one can flip a house all by themselves. You’ll need expert real estate agents, good lenders who are patient enough to give you the funding you need to do a great job, and contractors that offer competitive pricing so that you can save on repairs. It doesn’t hurt to be a home improvement wizard either, although it’s not necessarily a must. Fortunately, we have people who can help you. Regardless of what you need – we know experts in every city who can help support your project.
Planning is never the fun part of a fix and flip venture, but it’s necessary. You need to make sure that you scouted a house in a good location. So many people make the mistake of thinking a house is bargain priced because of the house itself. Sometimes the house is in great shape with few repairs needed. It’s just in a neighborhood that people aren’t going to want to live in. Buying a house like this can sink your project from the beginning, so that takes us back to point one: Good experts! Make sure you have them, and make sure they’re not afraid to tell you, “No, this isn’t a good idea.” It can save you time and it will certainly save you lots of money.
While you don’t have to be a wizard at home improvement to flip a house, it’s going to pay to learn or to have the skills already going forward. Being able to do a job yourself saves you thousands on labor and so it’s going to add to your profit at the end of the flip. If you are going to be flipping houses, learn as much as you can about home improvement and repairs. It’ll save you lots of dollars in the end, and it’ll definitely save you time because you won’t have to be sifting through resumes of people to hire for jobs. You can do it yourself.
No Credit? No Problem!
Unlike traditional lenders, Delancey Street doesn’t care about your credit score or history. We lend against the property you’re buying and flipping. We lend against assets – something traditional lenders simply don’t do. It’s one of the main reasons why traditional lenders don’t give loans to fix and flippers. Since a fix and flip loan is high risk, the interest rates we charge are a bit higher than what traditional lenders would charge. Fortunately, fix and flip loans are easier and faster to get. You’ll get an answer for your hard money loan in 5-6 days on average. We can even give you a pre-approval letter once you establish a relationship with us, and we trust you. Once again, having experts like those at Delancey Street on your side will help you throughout the process.
Once you’ve got the cash in your pocket, it’s time to flip that house! Execute your plan thoroughly and stick to your guns.
Call us Today
Delancey Street has experts with decades of experience in fix and flip loans. We know how to make these types of loans effective for your final profit. What you need is competitive interest rates, good financial knowledge, and a firm that believes in you. All three of those things are waiting for you here at Delancey Street. If you’re ready to get started, just give us a call today or start your application. We’ve love to hear your ideas. At the heart of everything will be your ideas and vision, and that’s exactly what we invest in here. Apply today or call us to set up an appointment.