All Forum Posts by: Ekaterina Lansky

Hey BiggerPockets flippers,

Choosing the right lender is make-or-break for a fix-and-flip deal. A slight difference in interest rates or fees can turn into a budget blowout that eats your profits. As someone who’s built tools to help investors streamline financing, I’ve seen how much comparing lenders can save you.

What's your strategy for picking the best lender? Are you hunting for the lowest rate, prioritizing fast funding, or digging into loan terms like LTV? Any go-to methods or tools for comparing rates to keep your deal on track?

Let’s share some tips to help each other maximize profits and avoid those costly surprises!

Cheers,

Hello Tanya! Congrats on closing your first flip! A hole in the living room to the crawlspace sounds wild:))

For my first flip, I wish I’d known how fast little costs add up, like, those “small” change orders can sneak up on you. Pro tip: build a buffer into your budget for surprises.

On the hard money loan, yeah, been there! Next time, shop around for lenders who compete on rates, it can save you a ton.

I'm in California too, lets connect! 

Cheers,

Using online calculators ))

Hey BiggerPockets fam,

As real estate investors, we know nailing project analysis is key to crushing it. Digging into assessments and comps helps you spot the deals that’ll boost your profits. That’s why having tools like real estate calculators is a game-changer—they crunch the numbers fast, so you can focus on the big picture.

Speed matters too, especially when it comes to financing. With LendingXchange, you can tap into a network of licensed lenders and find the right loan for your project in just two clicks. The best part? Lenders compete, so you get killer rates tailored to your deal. Plus, registration and all the tools on LendingXchange are completely FREE, so you can start streamlining your deals without spending a dime.

Check out LendingXchange at https://lendingexchange.io/our-network/ to try the calculators and connect with lenders. Anyone else using free tools to level up their deals? Share what’s working for you!

Cheers, 

Chan,

Welcome to real estate and BiggerPockets! Chicago's a dope spot to jump in, and you're so right, connecting with the right crew is huge. I'd say check out local meetups or REI groups around you to meet flippers or agents who know the game. Also, dig into the forum for tips on analyzing deals or finding good financing.

Not in Chicago, but happy to connect and chat if you wanna toss around ideas. Shoot me a DM anytime. Keep grinding!

Cheers :)

Congrats on breaking even on your first two flips! Let's review: your purchase price ($415,000), repairs ($117,659), ARV ($605,000), hard money loan ($423,500 at 11.99%, ~$14k interest over 4 months), GC fee ($18k), commissions (4% = $24,200), and other costs (staging, design, fees, etc., totaling ~$29,807) leave you with a tight gross profit of ~$18,534. The high interest and GC fee are eating into your margins. You might save by comparing lenders on a platform to get better rates or faster funding, cutting hold time. Also, consider trimming staging/design costs ($5,400). What's your GC's breakdown, and have you explored other lender options?

Congrats on breaking even on your first two flips! Let's review: your purchase price ($415,000), repairs ($117,659), ARV ($605,000), hard money loan ($423,500 at 11.99%, ~$14k interest over 4 months), GC fee ($18k), commissions (4% = $24,200), and other costs (staging, design, fees, etc., totaling ~$29,807) leave you with a tight gross profit of ~$18,534. The high interest and GC fee are eating into your margins. You might save by comparing lenders on a platform to get better rates or faster funding, cutting hold time. Also, consider trimming staging/design costs ($5,400). What's your GC's breakdown, and have you explored other lender options?

Ready to nail your next rehab and flip? Lending Exchange is your ultimate platform for seamless real estate financing! We’re not direct lenders—we connect you with vetted lenders offering tailored loans for fix-and-flips, completely free for real estate entrepreneurs.

Use our Real Estate Calculator to analyze property and market data in seconds. Create your project, publish it on LendingExchange.io, and receive competitive loan offers from lenders. Our website-based platform supports all browsers and devices for a streamlined financing experience, so you can focus on maximizing returns.

Sign up for your free entrepreneur profile today at LendingExchange.io and fund your next flip with ease! 💰

Did you use any of RE calculators to check the ROI?

What area is it? Can you see comparable properties? 

Hey everyone,

I’m one of the co-founders of LendingXchange—a free platform designed to help real estate entrepreneurs with project assessments and finding funding. We’re looking for early adopters who are passionate about real estate and are willing to give the platform a try.

It’s totally free to use, and we’d love to hear feedback from people who are actively working on real estate projects. If you’re interested in exploring how LendingXchange can help streamline your project evaluations and funding, we’d love to have you on board!

https://lendingexchange.io/

DM me if you want to try it out, and feel free to share any thoughts or suggestions! Looking forward to hearing what you think.