“Alternate Financing For a Flip Property”
Flipping a property is a short-term investment that requires short-term funding rather than a traditional 15- or 30-year home loan. A hard money loan is a short-term loan that uses the property itself (or other equity) as collateral. These loans tend to come from private lenders or investors instead of banks or credit unions. Hard money loans are typically used specifically for real estate transactions and are termed so because they’re made based on the property’s “hard” value rather than the borrowers’ credit history. Interest rates are higher due to the increased risk to the lender and the short-term nature of the loan. Hard money loans can help you get started in the house flipping business when financing options are limited.
Whether you are flipping a property for profit or searching for your forever home, there are hundreds of possible decisions that must be made during every successful real estate transaction. And all begin with a simple phone call to our office. We’d love to add you to our ever-growing list of successful house buyers and sellers. Buying or selling, we are the professionals you’ll want for the job. We invite you to stop by our office; we’d like to show you what we can do for you.
“OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
