We Offer Awesome Services

We Offer Awesome Services

Why Buy a House to Fix it up Just to Flip it?

Real estate investing has created wealth and fortunes for many individuals.

Investors have used a variety of strategies to earn fast profits and passive income from real estate.

Buy and hold is a strategy that investors have primarily used for many years to generate cash flow from rental properties. After renting a property for several years, many investors would obtain a mortgage loan to borrow some of the property’s equity and repeat the process to acquire a new rental property.

The concept of buying a house to fix it up and to market it for sale has been around for a long time. Although, investors who aim to fix and flip a property nowadays are focused on faster completion time frames.

Rather than working on a home for several years before selling it, an investor with the right financing and a solid plan could earn a profit within a few months.

From start to finish, an investor could obtain financing, complete the required repairs and sell the property in less than three to six months.

Typically, the purchase price and the property’s condition will determine how much money is needed for fix and flip financing.

Other Mortgage Loans

Why Buy a House to Fix it up Just to Flip it?

Real estate investing has created wealth and fortunes for many individuals.

Investors have used a variety of strategies to earn fast profits and passive income from real estate.

Buy and hold is a strategy that investors have primarily used for many years to generate cash flow from rental properties. After renting a property for several years, many investors would obtain a mortgage loan to borrow some of the property’s equity and repeat the process to acquire a new rental property.

The concept of buying a house to fix it up and to market it for sale has been around for a long time. Although, investors who aim to fix and flip a property nowadays are focused on faster completion time frames.

Rather than working on a home for several years before selling it, an investor with the right financing and a solid plan could earn a profit within a few months.

From start to finish, an investor could obtain financing, complete the required repairs and sell the property in less than three to six months.

Typically, the purchase price and the property’s condition will determine how much money is needed for fix and flip financing.

Other Mortgage Loans

Fix and Flip Loans

Investors who are seeking money to rehabilitate distressed properties often inquire about fix and flip loans.

Since many investors will not live in a fix and flip property, the terms are not as favorable as the most popular mortgage loan programs.

Many conventional lending programs will largely deny loans where the subject property is listed with conditions for major repairs.

Therefore, investors often search for hard money lenders and for ways to obtain 100% fix and flip loans.

Niche-based loan programs are also available for qualified borrowers who need money for a short-term investment project.

Generally, a borrower may need to make a down payment toward the purchase price for a property that has repair conditions. Although, some loan programs enable a borrower to obtain fix and flip financing for 100% of the after-repair-value of the property.

Lucrative Income Opportunity

Real estate investing has lucrative income opportunities.

Fixing and flipping houses is a great side business, as an investor can usually work on the property at any time. Motivated individuals can hire craftsmen and skilled trades workers to obtain faster completion times.

Experienced property flippers should earn at least $25,000 per settled transaction.

It is also important to note that every fix and flip will not be a distressed property. Some properties only need a little bit of TLC.

Internet Loans Direct provides helpful solutions for real estate investors.

Contact us today for more information about purchasing or refinancing a home.

888-836-6287

info@internetloansdirect.com

www.internetloansdirect.net