Fix And Flip Loans

A fix and flip is a real estate investment strategy where an investor buys a property that is undervalued or in need of significant repairs, renovates or "fixes" it, and then sells it ("flips") for a profit. The goal is to improve the property's value through renovations and updates, often in a short period, and then sell it at a higher price than the initial purchase cost and renovation expenses.

The process typically includes:

1. Buying the property: Investors often purchase distressed properties (foreclosures, short sales, or homes in need of repairs) at a lower price.
2. Renovating: The investor makes necessary repairs or upgrades (such as fixing structural issues, updating kitchens or bathrooms, painting, flooring, etc.) to increase the property's market value.
3. Selling: After completing the renovations, the property is sold at a higher price, yielding a profit.

Fix and flip projects can be lucrative, but they also come with risks, such as unexpected repair costs, market fluctuations, and the time and effort needed for renovation.

• Minimum to Max loan amount $50,000 - $2M
• Loan term 12-24 months
• Minimum FICO down to 600
• Up to 90% purchase price + up to 100% Renovation Cost
• Max ARV not to exceed 70%
• No Experience required

As with any loan you will need down payment plus closing costs. You will also need some cash reserves to start the project as well as pay holding cost such as taxes and monthly loan payments. Is it cheap to get into flipping houses ? Well the answer to that is no but it can be a Finacial windfall if done properly. 

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