Elevate your productivity through private lending
Get Funded with Private Money, Fix and Flip Lending
Elevate your productivity through private lending
Welcome to Bulldog Lending
Our Story
As a new investor we purchased two properties and then ran out of money. We had good success with the two properties we owned and wanted to scale up this business but found it difficult through traditional methods. We started Bulldog Lending with a simple goal in mind: to connect real estate investors with the capital needed to fund their next project, and allow them to scale up their business, while at the same time educating them through the funding process. We focus on fix and flip lending , Private lending, but offer different types of real estate lending.
Education/Formulas
Sneak Peek: The World of Bulldog Lending in Pictures
Frequently Asked Questions
Please reach us at jason@bulldog-lending.com if you cannot find an answer to your question.
Private money lending offers more flexibility than a traditional bank or lending institution. Decisions are not usually credit score based, but deal based, and ability to repay loan. There is still the standard paperwork requests, example: tax returns, bank statements, credit score, cash on hand, how much cash you can contribute to deal. Loans are made using the property as collateral, the terms can be more flexible, and creative. You should still expect having to provide the same information as if you were borrowing from a bank. They can usually close much quicker than a bank or other fiduciary institution.
We can only lend in certain states where the property to be purchased is located(states we can lend in: Washington, Montana, Wyoming, Colorado, New Mexico, Texas, Oklahoma, Kansas, Nebraska, Iowa, Missouri, Arkansas, Louisiana, Mississippi, Tennessee, Illinois, Wisconsin, Indiana, Maine, Michigan, Indiana, Kentucky, Virginia, West Virginia,)
We only lend to entity based borrowers ie: LLC, S Corps, Corporations and such, we do not lend to private individuals. Property cannot be owner occupied. There are formulas applied to determine if your loan is a good deal, you will find more information about that within this site in the education and formulas section at the top of this page.
Bulldog Lending will share your deal/application with a number of different lenders, to find the best terms/rates for your project.
Bring us a deal you have with another lender and we will match or beat it, that's the power of syndication.
Frequently Asked Questions
Please reach us at jason@bulldog-lending.com if you cannot find an answer to your question.
We provide loans for fix and flips, buy and hold, buy, rehab and rent, rental units. Single family to 4 Unit, residential only. We also offer refinancing loans. Check out this website for more information.
The BRRR Method is a way to scale up your rental business, this takes a little longer than just buying rental units but the method is sound.
BRRR stands for buy, rehab, rent, refinance. You would be looking for a 25% increase in value at the end of the process. You would want to look for below market properties, distressed properties, wholesales, foreclosures, hoarder homes and similar. The goal is to rehab for as little as possible but to a standard that will increase the value 25%. depending on the lender you should be looking for 70-80% of the value when you cash out refinance. The cash is to fund your next project.
ARV=$180K x 75% = $135K, 135$ - 70K(initial investment)
you could spend up to 65K on the rehab.
BRRR method requires a strict budget for success you do not want to spend more than 75% of the ARV on investment and improvements.
70% Rule: A flipper should pay 70% of the ARV(after repair value) minus and repairs when buying a house to flip.
If the ARV is 150K, house needs 20K in rehab, the buy price would be 85K. Fix and Flip is not an instant payday, the average flip turn is 6 to 12 months provided there are no surprises, and you stay on budget. Average rehab costs are $25.00 per foot, when you think it only needs 10K in rehab, think again! (In my personal experience we bought a 4 unit and rehabbed 1 apartment, budget was 20K, a few surprises brought the budget up to 30K.) If you budget too low, you will just lose it in profit when the rehab runs into over budget. The math needs to work. Do your research, get rehab bids. Find a contractor you like and create a relationship with them have them do all your flips and rehabs. They will prioritize your jobs, and work quickly to finish your projects if you have a good relationship, and pay on time!!
You will need an exit strategy, most situations you would sell the rehabbed property for a profit, or you could refinance it and hold it as a rental unit.
Keep in mind there are costs you will incur during the rehab phase, mortgage payments, insurance, utilities, and closing costs when you sell. These costs need to be accounted for when you calculate the profit of your project.
Buy and Hold Method, would be for long term investment. The owner would be collecting rent as income on the investment property, this property could be refinanced at a later date to reduce the cost of the mortgage in the long term. You could pull out cash to invest in the property and increase its value for sale at a later date, or use the funds to buy another property. The loans associated with this method would be 30 year or 15 year mortgages.
Accurate rehab estimates will be an important part of any real estate investment strategy. The average cost of rehab per square foot is about $25.00 dollars. You can estimate on your own if you have experience with this, however my advice would be to hire a contractor and get an estimate or better yet 3 estimates. Compare the estimates and have a discussion with the contractor you choose about the scope of work and the actual time line for completion. the longer the rehab takes the more this eats into your profit. Be smart do your research. Your lender would be excited to see a scope of work plan too. The more information you can give your lender the easier and quicker the loan will be to close and get your project underway.
Please contact Jason via email jason@bulldog-lending.com or phone:
1-800-213-8584 or you can fill out our contact us page below or go to this site and fill out the contact form, www.bulldog-lending.rei.fund or by clicking the discover our lending options button at the top of the page, and we will get back to you as soon as we are able.
Contact Us
We are here to assist our customers, with their funding needs, feel free to contact us during normal business hours, or send us a message, and we will get back to as soon as possible. Fix and Flip Lending, Real Estate Lending, Private Lending
Phone: 1-800-213-8584
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Bulldog Lending
Hours
Mon | 09:00 am – 08:00 pm | |
Tue | 09:00 am – 08:00 pm | |
Wed | 09:00 am – 08:00 pm | |
Thu | 09:00 am – 08:00 pm | |
Fri | 09:00 am – 08:00 pm | |
Sat | By Appointment | |
Sun | Closed |
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