Fix and flip loans, also known as "fix and flip financing" or "rehabilitation loans," are a type of short-term real estate loan designed for real estate investors who want to purchase and renovate a property with the intention of selling it (flipping) for a profit. These loans are a popular financing option for individuals or businesses involved in real estate investment, especially when dealing with distressed or outdated properties in need of repair or renovation.
Here are the key features and considerations of fix and flip loans:
Short-Term Duration: Fix and flip loans are typically short-term loans with terms ranging from a few months to a year or more. The short duration is designed to match the typical time frame for purchasing, renovating, and selling a property.
Property Acquisition: These loans can be used to purchase properties, including single-family homes, multi-unit buildings, and even commercial real estate, that require renovation before they can be sold at a higher price.
We can close this loan in 5 business days.
For more information or to go over your own scenario, please contact mc at 408-393-2068
Comments