The biggest obstacle house flippers face right now is capital. Investors who can find a trusted partner to help them finance flips will find immense success over the coming year.
Clovis, California (PRWEB) November 17, 2015
ZINC Financial, a premier private money lender, is pleased to announce the launch of a new real estate joint ventures program. Under the ZINC Financial Joint Venture Program, ZINC will cover the up-front costs of acquisition and the hard costs of rehabbing an investment property in exchange for a backend profit split. Experienced investors who take part in the program will have unprecedented access to the capital necessary to succeed in the current market place.
“Now is a great time to be investing, and we want to make it as easy as possible for our trusted clients to achieve maximum ROI on every flip,” ZINC Financial CEO Todd Pigott commented. “Our constant goal is to help our clients find better and better ways to do their work and improve their success. And I think the Joint Venture Program achieves that goal.”
Under the Joint Venture Program, experienced house flippers who have flipped at least two properties over the last twelve months can apply for rehab investing financing up to $500,000 to cover the full costs of acquisition and rehab. These loans will be contingent upon an equitable split of backend profits when the flip is complete.
Expanding Beyond California
Until recently, ZINC Financial only offered house flipping loans in California. Now, ZINC is licensed to offer private money real estate loans in Arizona, Colorado, Indiana, Michigan, New Mexico, Tennessee, Texas, and Washington, in addition to the company’s home state of California.
“We’re thrilled that this expansion corresponds so well with our new joint ventures in real estate,” Pigott said. “California still has several of the strongest housing markets for house flippers, but there are a lot of excellent markets across the rest of the country, as well. Washington, Texas, and Michigan are particularly strong at the moment.”
According to Forbes, though the overall economy slowed in the third quarter of 2015, housing has remained exceptionally strong. Forbes reports that year-over-year, home sales have gone up 7.9%, new home sales are up 17.7%, the median home price for sold homes increased 6.4%, and rents have risen 3.6%.
Pigott added, “The biggest obstacle house flippers face right now is capital. Investors who can find a trusted partner to help them finance flips will find immense success over the coming year.”
About ZINC Financial
ZINC Financial offers private money house flipping loans to experienced and novice rehabbers in multiple states. ZINC also offers buy and hold loans in California. Clients of ZINC tend to form long-term partnerships with the company, because ZINC provides competitive rates, superior support, and fast funding. Call today at (559) 326-2509 or visit http://www.zincfinancial.net to learn more about ZINC’s current loan programs.