Flipping houses can be an excellent way to build wealth in real estate, but securing the right financing is crucial. One effective method is using creative financing strategies for flipping houses. Westre Financial Group in St. Louis City and County specializes in hard money lending, offering tailored solutions to help real estate investors close deals quickly and profitably.
Creative financing through hard money loans focuses on the value of the property, not the borrower’s credit score. This opens the door for more investors to participate in real estate flipping without the lengthy processes tied to traditional bank loans.
What is Hard Money and Why It Matters
Hard money is a collateral-based lending source. Unlike traditional lenders, Westre Financial Group puts little or no weight on the borrower’s creditworthiness. If the collateral – meaning the property itself – makes financial sense, the loan gets approved.
This approach simplifies the process for investors looking to flip houses. As long as the deal shows potential for a profit, financing is straightforward and quick.
The Process: How Westre Financial Group Helps You Flip
Creative financing strategies for flipping houses through Westre Financial Group start with a simple application process. Investors complete the borrower application found on the website. If pre-approval is needed, it is provided early in the process.
Once a property is identified, the investor submits a property application along with proof of funds necessary to complete renovations. Brad Westre personally visits the property the following day to evaluate four essential criteria:
- Purchase Price
- Renovation Cost
- Soft Charges
- Anticipated Selling Price Based on Comparable Sales
If these factors indicate that the investor can reasonably expect a profit, Westre Financial Group approves the loan for 100% of the purchase price. Funding is released as soon as the title company is ready.
Unique Advantages of Using Hard Money Loans for Flipping
Westre Financial Group provides several advantages that make creative financing strategies for flipping houses effective:
- Low Cost: Only a 2% origination fee added to the loan
- Fast and Reliable Funding: Quick property evaluations and approvals
- 100% Purchase Price Loans: No need for large upfront cash investments
- No Junk Fees: No credit check, appraisal, processing, or application fees
- Non-Missouri Residents Welcome: Investors from outside Missouri can also participate
- In-House Processing: No third-party delays
- No Prepayment Penalty: Flexibility to sell properties without financial penalties
Boundaries to Keep in Mind
While creative financing is a powerful tool, Westre Financial Group sets clear boundaries to maintain a focused and reliable lending service.
- Service Area Limited to St. Louis City and County: This specialization ensures deep local expertise.
- No Rehab Funds Loaned: Investors must have their own rehab funds. If you cannot cover renovation costs, this might not be the right business for you.
- No Loans in Floodplains: High flood insurance costs make these investments less profitable.
These guidelines protect both the lender and the investor, helping ensure successful outcomes.
Why Choose Westre Financial Group for Creative Financing
Experience matters when flipping houses. Brad and Barb Westre bring unmatched expertise, having made over 2,650 loans totaling more than $143 million. With a history in residential rentals dating back to 1972 and a track record of managing hundreds of properties, they offer more than just loans — they offer guidance.
Westre Financial Group is not dependent on outside investors or borrowed funds. Every loan comes directly from them, ensuring smooth and dependable transactions. Their knowledge and hands-on approach help investors avoid bad deals and secure profitable opportunities.
In addition to expertise, the firm’s commitment to transparency — no junk fees, no prepayment penalties, and fast processing — makes them a preferred partner for investors who need quick, reliable funding.
Conclusion
When considering creative financing strategies for flipping houses, working with an experienced hard money lender can make all the difference. Westre Financial Group in St. Louis offers a proven system built on expertise, reliability, and investor-first principles.
If you are ready to take the next step in your real estate investing journey, trust Westre Financial Group for fast, straightforward financing solutions. Visit our website today to start your application and move one step closer to your next successful flip.