Frequently asked questions

How do I get pre-qualified for a loan with LBC Fund My Deal? 

At LBC Fund My Deal we only fund investment properties, therefore a pre-qualification is based on the deal not the loan. All loans are based on the asset (subject property) and its ability to produce a profit not on an individual's credit report.  

How can I show proof of funds to purchase a property if I do not get pre-qualified? 

You should not need a proof-of-funds letter to put a deal under contract but in the event a property requires a proof-of-funds letter we offer a proof-of-funds letter. The proof of funds letter is given to those that have a Client Broker Fee contract with us. 

Do I need an LLC to apply for a loan? 

Yes. An LLC is required to obtain funding but not required to put your deal under contract. An LLC can be very important for your real estate investing's. Always seek advice from an expert like an attorney or business coach, etc.,. 

Do I have to split my profit with the lender? 

No, unless it is on a partnership deal. For example, if you need help with down payments or closing costs we can help by becoming a partner in the deal and splitting the profit. The profit split will be decided by the agreement and terms made. 

**We are sorry to inform that we are not partnering deals at this time until further notice. We are, however, still assisting with helping you fund deals.**

How do I know if I have a good deal? 

If you need help evaluating whether you have a good or bad deal, we offer a free e-book that will teach you how to determine if your investment is profitable. To receive the free e-book simply subscribe to our website with your email address! 

What are LBC Fund My Deal LLC fees? 

We do have a 3% Broker Fee which is pretty standard in this industry. 

Are there any upfront fees to get a loan?

No. There are application fees starting at $197 per applicant or entity depending on the lender that is going to fund your deal. There are appraisal fees and of course any closing costs. We work with a lot of lenders to get your deal funded. Each lender has different application fees or what they require to fund your deal.

Is my privacy protected?

Absolutely. We care about your privacy. Any information you provide is completely confidential.

Got a questions we did not answer here? Contact us today!