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Kansas Fix and Flip Loans

We empower entrepreneurs, real estate investors, and businesses of all sizes challenge the status quo. We take risks on the go-getters, and do’ers – who have an opportunity and need a partner.At Delancey Street, we invest in people and their ideas – not abstract concepts like credit scores, or other financial metrics. Tell us about your idea, let’s discuss your opportunity

1

High LTV

We fund hard money loans up to 80-90% LTV with no issues.

2

Fast

We promise to treat you like a partner

3

No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

Raised
APR
ARV
700,000
9,0%
60%
100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

Raised
APR
ARV
1,200,000
11%
82%
100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

Raised
APR
ARV
830,000
8,99%
75%
100% Funded!

PARTNERS FIRST.
LENDERS SECOND.

Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

~
Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would.

Kevin Johns

~

Industries We Service

Cannabis
Residential Real Estate
Commercial Real Estate
Startups

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

Kansas Fix and Flip Loans

You’ve heard people talking about it at work. There have been ads on television and the radio about seminars that can teach you how to do it yourself. It’s fixing and flipping homes. You want to give it a go in Kansas. First, you need to find out how you can get started. You don’t have the money to purchase property of interest, but you know it will be worth the potential profit. Think outside the box. You can take that diamond in the rough, give it some polish, and put extra money in your bank account when you make your sale. While it’s true that you will need to find resources for your initial investment, you’ll get it all back and then some in the end.

Be Prepared for How Much You Will Need to Borrow
Before you start looking for lenders or sources of income to purchase property, do your homework. Get an estimate of how much you will need to borrow. You won’t only need money for the initial purchase of the property. You’ll need to have enough finances for expenses incurred while you own the home, including insurance, utilities, and other fees while you are renovating the house. You need to figure out how much your renovations are going to cost. Never shoot low. When you’re working with a contractor, expect to pay more than your initial quote. Don’t forget costs involved as you work with a real estate agency once you are ready to sell.

What are Good Sources for Fix and Flip Loans in Kansas?
A traditional mortgage with the bank is not the way to go when you are planning on flipping a home after renovations. The bank is looking for a long-term investment and is unlikely to have a lending program that will suit your needs. You’re going to need to consider other alternatives. A loan from your friends or family could be a good place to start. If you know someone who has the resources, you may be able to work out a deal to finance your business venture. As a token of appreciation, you could share some of your profits after your sale. You want to stay on your potential lender’s good side. You might take the plunge again in the future.

Go in On a Fix and Flip Project with a Business Partner
Whether you work with a family member or a friend to get the money for your fix and flip project in Kansas, consider being true partners. Plan on splitting the profits equally once your sale is finalized. If you are going to go this route, work with a lawyer and put it in writing. Make sure you keep your promises. You don’t want to have a falling out with someone who is helping you on what could be a thriving business for the both of you.

Tap Into Traditional Lending Sources
A home equity loan or personal loan may be sufficient for your fix and flip project. You may have some money available, but need extra for that final push. You can borrow against your own home when you are looking for a larger amount for your loan. Personal loans are typically smaller, but may be enough when combined with other sources.

Use Your 401{k}
Many people borrow against their retirement plan at work for various reasons. If you have a great deal of confidence in your Kansas fix and flip project, your retirement plan could be the best source of funding for you. As soon as you sell your home, you can put the money back, ensuring your retirement won’t be affected.

Go for a Hard Money Loan
A hard money loan could be the ticket for you. You’ll work with a private investor to get the cash you need when you need it most. You’ll be borrowing against the value of a piece of property. It could be the value of the property you are purchasing or other property that you own. This is a short-term loan. You may be expected to pay it off as early as a year unless you negotiate for longer terms, such as two years. Five years would be the maximum.

Try Seller Financing
Seller financing is when the person selling the property lends you the money to make the purchase. It could be a highly profitable arrangement for the both of you in the end.

Get a Business Line of Credit
If you own a business, you can get a loan of credit that is based on the value of your business. Your fix and flip projects could be considered your business, especially if you prove you have had a successful track record.

Make Sure You Have a Solid Business Plan Before You Get Started
You have a variety of sources that can help you to finance your fix and flip loan in Kansas. Make sure you have a business plan that has been thoroughly prepared before you get started. Include your costs, your renovation team, and real estate agents that are going to help you make your fix and flip a success. Once everything comes together, you will be well on your way.

Hard Money Loans

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