Real Estate Projects Funded With Reliable Capital
Fix and Flip Loans are short-term loans intended to help real estate investors buy, renovate, and sell residential properties within 12 months. These types of loans are typically used by investors who want to purchase distressed or foreclosed homes at low prices with the intention of reselling them quickly.
Unlike conventional construction loans that can take years to complete, these short-term fix and flip loans allow borrowers to close on their property in just 30 days. This means they have less time to waste waiting for funding while also being able to move forward with renovations immediately after closing.
If you’re an experienced real estate investor looking for financing options that will get your project done faster than ever before, then this is the right type of loan for you!
Our team has helped hundreds of clients secure fast cash so they could start making money as soon as possible through our quick turnaround times and flexible terms. We understand how important it is for our customers to not only receive funding but also be able to access it when they need it most – which is why we offer approvals in as little as 15 minutes on most applications. With us, there’s no more waiting around hoping your application gets approved because we make sure every single one does! Don’t wait another minute – apply today!
Fix and flip loans are short-term, real estate loans designed to help an investor purchase and renovate a property in order to sell it at a profit.
Also known as the BRRRR Strategy “Buy rehab, rent, refinance, repeat”. This is for investors looking to rehab a property and keep it as a rental.
Loans for investors looking for short-term financing and a fast closing on a property that needs little to no rehab.
*Experience = Combination of current rentals owned + Fix and Flips completed in the last 3 years in your name.
You can make plenty of money flipping houses if you do it right. But, financing these projects can be a challenge. Mortgage lenders make long-term loans that often don’t work for investment properties. This disconnection between what lenders offered and what real estate investors need, led to the creation of specialized fix and flip loans.
A fix and flip loan is a short-term loan intended to help a real estate investor buy and renovate a residential property, sometimes a commercial property, so it can be sold at a profit within 12 to 18 months. A conventional construction loan is for building new commercial or residential properties or for demolishing an old building prior to building something new.
Investors sometimes use conventional loans or personal lines of credit to finance their projects, but most of the time they will use a hard money loan from a private investor. The investor will use that flip loan to buy a property, usually a foreclosed property or something at auction.
Both flip projects and new construction projects benefit from using hard money lenders because they move faster than banks. A hard money loan can be a great option for some investors because there is no minimum credit score required.
A house flipper has a variety of financing options. The most popular option aside from the investors’ personal credit and savings might be an individual investor who is willing to serve as a hard money lender. Some private investment groups are hard money lenders who finance commercial and residential properties.
Conventional bank financing is an option too. Some investors can use home equity lines of credit or home equity loans from a traditional bank. An acquisition line of credit is similar to a home equity line of credit and is sometimes a viable option. Investors who have considerable equity may also use a cash-out refinance on a property to raise capital.
Some creative investors have used crowdfunding on specialized investment platforms to get some of the money they need, in lieu of relying on a flip loan. Almost all flippers need to rely on investment partners or lenders, along with their personal funds.