All About Fix and Flip Loans
07
Dec
By Kyle Muth
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Fix-and-Flip,

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…
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What Is a Fix & Flip Loan?
27
May
By Kyle Muth
1 Comment
Fix-and-Flip, ,

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…
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10
Mar
By Kyle Muth
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Blog, Fix-and-Flip,

Smart Money Investor: Fix & Flip 101! — Part 2

Create a Budget Once you have a sense of your target neighborhood and going prices for houses in it, it’s time to set up a house flipping budget. First, you need to know what you can reasonably pay for a new home.  Buying with all cash is the simplest route for home flippers. It cuts out the mortgage application and approval process, as well as makes your offer more attractive to sellers. Plus, you won’t need to make ongoing interest payments for the property as the renovations are underway. Still, some house flippers need financing. According to ATTOM’s 2020 report,…
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01
Mar
By Kyle Muth
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First Time Investors, Fix-and-Flip,

Getting Started in Fixing and Flipping

Building a career buying property, fixing it up and then selling it for a profit can be a lucrative endeavor. However, it is also very competitive. You must make sure you have a good plan in place to be successful. There are some tips and advice that you should consider before you launch yourself into the fix and flip rehab market. Start With a Good Plan You should approach a fix and flip career as you would any other business. Create a solid business plan before you begin. Your plan should lay out all the details of your business. Make…
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01
Mar
By Kyle Muth
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First Time Investors, Fix-and-Flip

Tips for First Time Real Estate Investors

Making smart real estate investments can be very lucrative and can be a great way to create wealth. When it comes to diving into your first investment property, it can seem like there are so many things you just don’t know. There are many different investment strategies and finding the right one for you will be crucial to your success in real estate investing. Whether you’re getting advice from your real estate experts, your friends or your family, there are so many things that seem like common sense that might be lost in the mix. Of course, finding the best…
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25
Feb
By Kyle Muth
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Blog, Fix-and-Flip,

Smart Money Investor: Fix & Flip 101! — Part 1

How to separate the fact vs. fiction of flipping properties.  No question reality TV shows have shown many of us a glamorous side to the profit potential.  However, does it show the true story?  What are some of the basics you need to know to become successful as a real estate investor? Data is as critical to your success as a fix & flip investor as cash flow.  ATTOM Data Solutions, the average gross profit for house flipping was $62,300 in the first quarter of 2020. This equates to an average percent return of 36.7%, which is down about 3%…
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06
Feb
By Kyle Muth
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Fix-and-Flip

3 Questions to Ask When Evaluating Fix-and-Flip Properties

It should go without saying that if you’re entering into a fix and flip project, you would want to have a clear goal of maximizing on your return investment without single-handedly wiping out any profit due to excessive improvement costs. However, there are generally some out there who need help determining how to go about ensuring this process goes according to plan, especially if they’re new to the game. If you’re looking for guidance on your new real estate flipping endeavor, here are three questions to consider before making final purchase on a property. What Would Attract Home Buyers to…
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