Investing in real estate can build wealth and security. However, opportunities are limited, unless you have large amounts of capital that you can use for initial funding. This leaves potential real estate investors to seek out loans from family and friends, max out their personal credit, or seek out loans from investors. None of these methods are ideal though.
Everyone deserves the opportunity to build their wealth through real estate investment, but clearly the funding options for those starting out are less than ideal. By the time the average flipper finds the cash they need to invest, the deal is gone. It shouldn’t be so difficult to get started with real estate investing. DownKicker will solve this problem with our equity financing.
DownKicker offers loans that will help people get started with investment projects – with little to no out of pocket cash. We provide automated underwriting and quick closings based on the merits of a project, allowing flippers to negotiate properties as if they had cash. We invest with the flipper to become a partner in the profits.
The way that DownKicker works is simple.
The flipper provides an application fee and the necessary underwriting documents for us to complete due diligence to vet the deal. Most flippers receive approval and funding within seven to 10 days. DownKicker also provides the primary financing through our partner sources, which is an additional stream of revenue. We make a percentage on our ability to get investors their first loan.
If we decide to get involved in the deal, DownKicker and the real estate investor split the equity of the investment property. We become a partner in the project, one who is committed to its success. We also understand that people often lose money in these investments, so we have set up a hassle-free solution to pre-fund construction costs.
When you partner with DownKicker, you receive a wealth of benefits.
At DownKicker, we look at the whole picture to help our partners make the most of every project. As the relationship with a customer grows and we see a track record of success, we reduce our share of the profits.
We launched our live platform in December 2016 (in beta mode) and we will launch lending operations in January 2017. By March 2018, we plan to be licensed in 48 states and have a mobile app to increase application automation. We clearly have a plan for success – and we’ve already hit several notable milestones.
Fully-Functional Platform – We have a live online product that’s fully-functional on our lending and investing platform. We will be licensed to lend in California, Colorado, and Texas by the time we launch lending operations.
Growing Customer Interest – We have 200 customers waiting for loans. We received more than 7,000 visits to our site in 7 days – just from a single press release.
Powerful Partnerships – We have partnered with primary lenders, including Triumph Capital, and other financial provides, who will refer clients to us. And PEX cards to help streamline our construction funding process.
We are also partnered with Marketing 360 for advertising and customer acquisition.
DownKicker is on the road to success. Imagine what we can do going forward.
Request access to the business plan tab of this profile to see where DownKicker is going and how you can help us get there.
Tracy Smith, CEO
As CEO, Tracy manages the daily operations and expansion of the business. Tracy has been a real estate developer, contractor, and builder in his 15 year career in real estate. He started DownKicker, after watching investors and lenders make risky decisions with poorly structured deals, and seeing investors lose great opportunities because they didn’t have access to the funds needed to close projects.
Rod Sperry, CFO
In the role of CFO, Rod manages loan servicing and daily fund disbursement for DownKicker. Rod brings with him a wealth of financial and loan knowledge, having been a CPA for 15 years and a PCAOB auditor as well as a Controller for a large mortgage company. DownKicker benefits from his financial expertise and over a decade of industry experience.
Bill Bartha, CVO
As CVO, Bill oversees the final underwriting and valuation of each loan. DownKicker is in good hands with Bill, as he was a Certified General Appraiser in California for over 40 years. Bill also has experience working for large banks as well directly for the FDIC. If anyone understands the ins and outs of underwriting and valuation, it’s Bill.ff