All About Fix and Flip Loans

All About Fix and Flip Loans

Flipping property is a popular investment option for both individuals and institutional investors. Fix-and-flip loans help bridge the gap between the buyer’s capital and the property’s purchase price and renovation costs. These loans are short-term in nature and are typically repaid with proceeds from the property sale. But this is just the beginning. Let’s take a look at what fix-and-flip loans are and how to start financing a real estate flip. What are Fix-and-Flip Loans? Fix-and-flip loans are short-term loans used by real estate investors to purchase and improve a property to then sell for a profit. These improvements range…
Read More
What Is a Fix & Flip Loan?

What Is a Fix & Flip Loan?

Fix-and-flip loans are short-term loans used by real estate investors to purchase and improve a property to then sell for a profit. These improvements range from minor renovations to a complete reconstruction of an existing home. These loans are used exclusively for residential real estate investments, so renovating a school, for instance, would not qualify for this type of funding. In a fix-and-flip project, the property is often purchased from MLS, off-market, at auction through a foreclosure or a bank short sale. A buyer may later try to sell the property “as-is” or may choose to add value by improving…
Read More