Fix & Flip Loans

A fix and flip loan is a loan to buy and improve a property. It gives you money to buy and fix up the property. If you do everything right and sell the property for a higher price, you can pay off the loan and make a profit.

After renovating the property, if you decide to keep it for a long time for cash flow and value growth, then you can take a long-term loan from a traditional or private lender by refinancing the fix and flip loan.

If you have a construction line of credit for your flip-and-fix project, you can ask for money as you finish different parts of the project. To do this, you will need to fill out a request form. This form will list the items from your original budget that you want money for. After you submit the form, an inspector will come to check that the work you did matches what you asked for reimbursement for. If everything looks good, the money will be sent straight to the bank account you provided. You can ask for as many or as few payments as you need during your project, depending on your cash flow.

The fix and flip program offers many strategies. The strategy chosen depends on what the investor wants to do with the property. Some take few risks by doing minimum work and selling the property quickly. Others increase the value of the property by adding square footage. The strategy chosen depends on the investor’s preference and the property’s condition, as well as the local market.

We have a program to help people who want to buy and fix up a house and then sell it. If you’re new to this, you might have to pay less of the cost at first. It’s important to work with a good team. We like to help new investors and it’s exciting to see them do well.