Are you an investor who wants to find flippers with projects to fund?
Would it help if you could vet those contractors ahead of time, then be there and ready to quickly review their next opportunity?
Your money won’t earn anything sitting in the bank, and flipper projects are generally high profit and short-term. But you DO want to know that the contractor using your money is both experienced and reliable.
Use this letter set to reach out and find flippers with projects to fund.
This set of 5 letters lets you outline your general lending parameters without mentioning the interest rate or the terms of your agreement. Since those might be subject to change depending upon the economy and the person you are backing, and since some contractors might hold on to your letter for a few months before responding, interested flippers will need to contact you for those details.
However, they do stress that your rates, terms, and requirements are reasonable. They also outline the kinds of properties you fund, and the geographic area in which they must be located.
The letters stress the fact that calling you represents an opportunity…
… and that flippers who call are under no obligation to borrow from you. Instead, you’re inviting them to ask questions and learn more about what you offer. You’re also assuring them that you’re not a bank with rigid rules – you operate in the real world of real estate.
Included are reminders that waiting often means missing an opportunity.
When you’re competing with another contractor for a house, there’s no room for delay. Waiting to arrange financing can easily mean that someone else will come along with cash in hand and you’ll be out.
Thus, they urge immediate action: “Become approved now, well before you need the money!”
If you want to help those flippers find projects you can fund…
Use one or more of the investor prospecting letters you’ll find linked from this page.