Fund Your Fix And Flip Project
Fix And Flip Financing
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!
Rehab Property Financing Experts
Requirements
As with any financing program, there are certain rules and requirements.
Current Fix and Flip Funding Programs
100% Financing
- 100% of the purchase price PLUS 100% of the Rehab
- 30+ Experience
- Minimum 680+ FICO score
- $65000 purchase price minimum
- Minimum 650 credit score
- Financing up to 100% of the purchase price (requires 30+ more flips over the previous 36 months, or current ownership of rental properties.
- Financing up to 100% of rehab costs
90% Financing
- 90% of the purchase price PLUS 100% of the Rehab
- 3+ Experience
- Minimum 680+ FICO score
80-85% Financing
- 80-85% of the purchase price PLUS 100% of the Rehab
- 0+ Experience Required
- Minimum 680+ FICO score
Uses For Fix And Flip Funding
- Single Family Houses
- 2-4 Residential Units
- Condominium
- Townhouse
- Multifamily (5+ Units)
Uses For Fix and Flip Funding
- Single Family Houses
- 2-4 Residential Units
- Condominium
- Townhouse
- Multifamily (5+ Units)
Fix and Flip Requirements
- $65,000 purchase price minimum
- Minimum 660 FICO credit score
Funding Programs
100% Financing
Fix and Flip Loans- 100% of the purchase price PLUS 100% of the Rehab
- 30+ Experience
- Minimum 680+ FICO score
85% Financing
Fix and Flip Loans- 85% of the purchase price PLUS 100% of the Rehab
- 10+ Experience
- Minimum 680+ FICO score
82.5% Financing
Fix and Flip Loans- 82.5% of the purchase price PLUS 100% of the Rehab
- 3+ Experience Required
- Minimum 680+ FICO score
80% Financing
Fix and Flip Loans- 80% of the purchase price PLUS 100% of the Rehab
- 0+ Experience Required
- Minimum 680+ FICO score
100% Financing
Fix and Flip Loans- 100% of the purchase price PLUS 100% of the Rehab
- 30+ Experience
- Minimum 680+ FICO score
NEW
90% Financing
Fix and Flip Loans- 90% of the purchase price PLUS 100% of the Rehab
- 3+ Experience
- Minimum 680+ FICO score
80-82.5% Financing
Fix and Flip Loans- 80-82.5% of the purchase price PLUS 100% of the Rehab
- 0+ Experience Required
- Minimum 680+ FICO score
*Experience = Combination of current rentals owned + Fix and Flips completed in the last 3 years in your name.
Get Your Fix N Flip Terms In 15 MINUTES
How it Works
Our simple loan process consists of five steps.
Fix and Flip or BRRRR method
There are many different strategies real estate investors use these days when evaluating real estate projects to meet their short-term and long-term goals. There is no perfect way to invest in real estate but two of the most popular options are Fix and Flip and BRRR(Buy-Renovate-Rent-Refinance-Repeat).
The Fix and Flip method or house flipping is a very popular real estate investing strategy where an investor finds and purchases a property below market value that is in need of repair, improves it to add value, and then sells the property at an increased price. If done correctly, the investor can see a nice profit. We will help you model operating expenses, cash flow as well as other costs associated with your investment property.
The BRRR method stands for buy, rehab, rent, refinance, repeat. This strategy is used by investors who are looking to create a larger portfolio of rentals for long-term holds without having a lot of up-front cash towards down payments. It has the potential to generate passive income and build portfolios much quicker than the standard save then buy (then repeat) approach, all while using creative financing strategies that maximize your out-of-pocket expenses.
While either method may seem like an easy way to make money in real estate investing this strategy can be quite risky if not executed properly.
Our goal is to make your investment experience as successful as possible by helping you evaluate great deals on properties, guiding you through financing renovations, and realizing the return on your investment.
The team at Quickline Capital Partners’ are BRRRR and Fix and Flip Specialists, helping investors successfully implement either of these strategies. We know what works and what doesn’t, so we can help you avoid costly mistakes that could cost you time or money.
Fix And Flip vs BRRRR Comparison
| BRRRR | FIX-AND-FLIP | |
| Out-of-pocket expenses | Same | Same |
| Tax benefits | Higher | Lower |
| Risk for market impacts | Lower | Higher |
| Timeline | Long term | Short term |
Get Your Fix and Flip Funded
Understanding Fix and Flip Financing
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.
Get Your Fix and Flip Funded
Why Choose Us
First of all, we know that speed is crucial so we work hard to help you close fast. We offer a fast and easy application process, using a short online form. Even better, we can refinance your flip as soon as the renovation work is done by writing a 30-year fixed-rate mortgage for up to 80% of the property’s value. We make it easy to track your application with daily updates from Loan Tracker. Finally, we talk to the seller’s agent during the buying process.
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Contact Us Today
If you need money to finance a fix and flip, our online loan application process makes the financing work easy, and quick. We have deep experience in helping investors use hard money loans, lines of credit, and fix and flip loans to complete their projects.