Smart financing for entrepreneurs at the outset
Dani Beit-Or Mentormind - Dani Beit-Or Mentormind Banner

Smart financing for flips for entrepreneurs at the outset

Hello friends, I wanted to raise a point here to think about funding for entrepreneurs who make flips mostly, but not only.
I assume that most of you are aware of it, but from my conversations with all kinds of people and entrepreneurs at the beginning, it seems that not everyone thinks about it or knows how to do it.
For flip-flops at the start of the search for sources of funding, and who have property in Israel, you can take out a mortgage on the property for investment abroad.

So far I know I did not tell you America ...

But, many people who want to take out such a mortgage are wondering how they will pay the monthly repayment, while the money is "lying" somewhere overseas on a non-monetizing asset for months, especially if it's a large sum taken from the bank.
So here's what I did:
I took an X amount from the bank and from the amount I received I set aside an amount that would last me for about a year and a half to two years for the monthly repayments of the mortgage, and the rest of the money I sent abroad for investment.
For example, 500 takes NIS 1,000 for 20 a year, with a return of about NIS 3200 per month.
3200 * 24 = 76,800 ₪, this is the amount you leave aside for the monthly repayments, and will give you two whole years of mortgage repayments in a quiet mind, and will leave you 423 ₪ 1,000 for investment.
I put aside the money I put aside as a loan to the social loan platform (P2P) at a very low risk level, very high liquidity, an excess yield over my bank interest on the mortgage, and a permanent order to withdraw the amount of my monthly repayments directly to my bank account every month.
In this way, I have the freedom to use the mortgage money in my improvement project, with enough time to make a profit, part of which will go back to Israel, and will also be introduced into the same social loan platform to continue to create a mortgage repayment capability.
Of course, in order to obtain good terms in such a mortgage, which is defined by the bank as a loan for any purpose, a signed contract must be brought in front of the seller of the property, thus improving the terms that can be obtained from the bank.
Successfully!

Link to the original post in the Real Estate Forum USA on Facebook - Working on a desktop computer:
http://bit.ly/2G8k54B

The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion

  • Thanks for sharing Amikam. Highly creative.
  • Thanks. interesting.
  • Very creative !!!
    Well done and a nice and interesting thought.
  • Give an example to such a platform
  • Super creative and cool Amikam !!!!
  • following
  • I've created a lot! Which p2p platform are you using?
  • Well done - that's what we do as part of the process of financial advice to our clients.
  • Very nice
    I also thought about it
    But it was not interesting
  • I loved creativity
  • Interesting thank you
  • interesting!
    What is the interest rate on such platforms? And you recorded that if you present a signed purchase contract to the bank, the terms of the loan will improve.
    Have not encountered a problem with times? That is, once you had a signed contract, you started the process of obtaining the loan?
    Or have you started the process before, and when you had the contract signed by hand introducing it to the bank to improve the terms?
  • Orr Kichin We just talked about it ...
  • I suggested to friends the idea of ​​taking out a larger loan for the repayment, but the idea with p2p loans undoubtedly upgrades that. Excellent and creative tip ??
  • Very creative.
    I myself use social loans as my security fund (as a platform for accumulating initial investment capital)
  • Great idea and I will add that you can take part of the mortgage money and invest it in the US as another hard money lender of another investor who repays the monthly repayment
  • Thanks Amikam!
  • This is part of the financial planning basket I make for clients in an investment plan.
    The current cash flow funds received are only in triplicate (in the full 100 collateral and liquidity track) as money parked and accumulated
  • Racheli Asulin Hindi Chen Lerner Ben Lerner
  • If I am not mistaken, I saw a discussion here in the forum that claims that the bank in Israel will give only a small amount that is intended to renovate the property in Israel and not a significant amount according to a certain percentage of the value of the property.
    Is there experience with this?
    What is the percentage of the value of the mortgaged property in favor of the bank in Israel that can be obtained?
  • Very nice! thanks for sharing.
  • Thank you, indeed a good idea.
    I would be happy if I would improve on ways to improve conditions in front of the bank
  • Is that exactly what I did?
  • Daniela Weissman
  • Very nice
  • of genius
  • Keeps track
tags:

27
Reply

Please  Login to comment
27 Threading comments
0 Reply to thread
0 Followers
The reaction they loved the most
Most popular threading comments
0 The authors of the responses
admin Recent Posters
Register
the newest The oldest Top Rated
Notification of
An anonymous member of the forum
guest

Keeps track

An anonymous member of the forum
guest

of genius

An anonymous member of the forum
guest

Very nice

An anonymous member of the forum
guest

Daniela Weissman

An anonymous member of the forum
guest

Is that exactly what I did?

An anonymous member of the forum
guest

Thank you, indeed a good idea.
I would be happy if I would improve on ways to improve conditions in front of the bank

An anonymous member of the forum
guest

Very nice! thanks for sharing.

An anonymous member of the forum
guest

If I am not mistaken, I saw a discussion here in the forum that claims that the bank in Israel will give only a small amount that is intended to renovate the property in Israel and not a significant amount according to a certain percentage of the value of the property.
Is there experience with this?
What is the percentage of the value of the mortgaged property in favor of the bank in Israel that can be obtained?

An anonymous member of the forum
guest

Racheli Asulin Hindi Chen Lerner Ben Lerner

An anonymous member of the forum
guest

This is part of the financial planning basket I make for clients in an investment plan.
The investment cash flows received on an ongoing basis are only in Tria (in the 100 track, collateral and full liquidity) as accumulated and accumulated money

An anonymous member of the forum
guest

Thanks Amikam!

An anonymous member of the forum
guest

A great idea and I'll add that you can take part of the mortgage money and invest it in the US as a hard money lender from another investor who returns the monthly repayment

An anonymous member of the forum
guest

Very creative.
I myself use social loans as my security fund (as a platform for accumulating initial investment capital)

An anonymous member of the forum
guest

I suggested to friends the idea of ​​taking out a larger loan for the repayment, but the idea with p2p loans undoubtedly upgrades that. Excellent and creative tip ??

An anonymous member of the forum
guest

Orr Kichin We just talked about it ...

An anonymous member of the forum
guest

interesting!
What are the interest rates on such platforms?

And noted that if a signed purchase contract is presented to the bank, the terms of the loan will improve.
Have not encountered a problem with times? That is, once you had a signed contract, you started the process of obtaining the loan?
Or have you started the process before, and when you had the contract signed by hand introducing it to the bank to improve the terms?

An anonymous member of the forum
guest

Interesting thank you

An anonymous member of the forum
guest

I loved creativity

An anonymous member of the forum
guest

Very nice
I also thought about it
But it was not interesting

An anonymous member of the forum
guest

Well done - that's what we do as part of the process of financial advice to our clients.

An anonymous member of the forum
guest

I've created a lot! Which p2p platform are you using?

An anonymous member of the forum
guest

following

An anonymous member of the forum
guest

Super creative and cool Amikam !!!!

An anonymous member of the forum
guest

Give an example to such a platform

An anonymous member of the forum
guest

Very creative !!!
Well done and a nice and interesting thought.

An anonymous member of the forum
guest

Thanks. interesting.

An anonymous member of the forum
guest

Thanks for sharing Amikam. Highly creative.

The Real Estate Investor Forum, LLC is an educational company and is not acting as a real estate broker. Always seek the services of licensed third party appraisers and inspectors to verify the value and condition of any property you intend to purchase. Never send funds directly to a seller but instead use the services of professional title and escrow companies.

 

 

Check in with The Real Estate Investor Forum before purchasing property to verify that affiliates and markets have not changed in quality or performance. The Real Estate Investor Forum does not provide legal, tax, accounting, or other professional advice. Nothing on this website email is intended to form a contract or binding legal commitment.

©2020 ForumRealEstateUSA.com - All rights reserved

Contact

We're not around right now. But you can send us an email and we will get back to you as soon as possible.

Sending

Login to a site with a username or social media

או

Forgot your details?

account creation

X
X
X