Although no investment can be guaranteed, we reduce risk of loss by only purchasing properties at 50% or less of ARV (After Repaired Value).   You will be able to view the property (including appraisals, surveys, etc.) before making a loan commitment, and you will hold the mortgage on the property.  Our plan is to hold these properties for several years until the real estate market improves and we are able to sell at a profit.  These properties will be rented out during this time to provide a cash flow, preferably with "lease-to-own" tenants.

We believe that the current mortgage crisis provides an excellent opportunity to buy property at historically low prices.

FAQS

• What type of homes does The Home Flippers LLC invest in?  Although we have purchased foreclosed homes, our preferred investment home is a single family home in which the owner is deceased and the heir does not have the funds or desire to complete repairs which may be needed.  These heirs are many times willing to sell this type of property at a greatly reduced price.
• What interest rate will The Home Flippers LLC pay?  We are willing to pay between 5%-9% interest for the use of your funds.
• How long will The Home Flippers LLC need this loan?  We are requesting loans with 3 -5 year terms (longer may be possible under certain situations).  
• How will The Home Flippers LLC repay this loan?  Since you will hold the mortgage on the property (legally registered in Lexington County by an attorney), you will have your choice of receiving monthly payments during the term of the loan or a lump sum at the conclusion of the loan.  
• Can I invest my IRA with The Home Flippers LLC?  Yes, you are able to use your IRA to invest in real estate, and still keep it's "tax free" status.  You will need to first convert it into a self directed IRA LLC account - several companies such as Equity Trust can help you with this.
• Can The Home Flippers LLC guarantee that I won't lose money?  No, we cannot make such a promise - this, as well as most investments that you may make come with a risk.  We seek to reduce risk by only purchasing properties at 50% of what we can sell them for once they are renovated.  You will also hold the mortgage on the property, which ensures you will be repaid first when the property sells.
• Why doesn't The Home Flippers LLC borrow funds from a bank?  Due to the current foreclosure crisis, the majority of banks, in order to reduce their risk, are now only lending money for owner-occupied homes.  
• Are The Home Flippers LLC a local company?  The Home Flippers is owned and managed by two Lexington County Families who formed an investment partnership in January 2008. We will be happy to provide any background information about ourselves.

• Phone:  803-361-2739
• Email:   Info@TheHomeFlippers.com