Purchase Transactions

PURCHASE TRANSACTIONS

HARD MONEY FIX AND FLIP LOANS

If you’re looking to purchase a property to rehabilitate and sell, a fix-and-flip hard money lender can offer a flexible short-term loan that will help you secure the property and finance the renovation. When you choose the right property and the right hard money rehab lender as your financing partner, this can be a lucrative investment strategy that delivers significant returns.

WHAT IS A FIX AND FLIP LOAN?

A fix-and-flip loan is a short-term loan for flipping houses. You can use a hard money rehab loan to purchase the property as well as to fund the work being carried out. This includes both minor and major rehabilitation and renovation projects.

HOW TO QUALIFY FOR A FIX AND FLIP LOAN

It is much easier to qualify for a hard money fix and flip loan than it is to qualify for a mortgage from a traditional lender. If you have a bad credit history or no track record of flipping houses, you may still be eligible for an investment property rehab loan. This is because the property itself is used as collateral for the loan. Instead of making a decision based on your personal circumstances, lenders will look at the Loan to Value ratio and After Repair Value based on the property you are purchasing, its location, the improvements you intend to make, and recent sales for similar properties.

THE BENEFITS OF A HARD MONEY FIX AND FLIP LOAN

Fix and flip loans offer a range of benefits, including:

• ●       Easy application process. Generally, financing for flipping houses can be secured with a simple online application process requiring minimal documentation.

• ●       Easy qualification requirements. Many hard money lenders offer fix-and-flip loans for beginners, as well as fix-and-flip loans for people with bad credit.

• ●       Fast turnaround times. Approval and funds can be provided as quickly as a matter of days, allowing you to move fast when you’ve found an investment opportunity you don’t want to miss out on.

• ●       Short terms. Hard money rehab loans are typically short-term loans around six to eighteen months. This makes them perfect for a fix-and-flip investment strategy and means you won’t be charged any prepayment penalties.

Whilst there are many benefits to using private money to finance a fix and flip investment, it needs to be noted that, because of the high-risk nature of this loan type, fix and flip loans do attract high rates.

WHY CHOOSE REHAB LEND AS YOUR HARD MONEY LENDER FOR FLIPPING HOUSES?

If you’re looking for the best fix and flip loan, and Rehab Lend is a leading hard money rehab lender operating nationwide. We offer flexible solutions that can be tailored to suit you and your projects for optimal returns. We also offer an easy application process and fast closing times to help you get deals over the line quickly. We seek to build relationships with each of our clients, ensuring you know you’re in safe hands with a lender who is genuinely invested in helping you grow your investment portfolio.

Our experienced lenders can serve in every state which means we’ll be able to work with you long-term, helping you with future investments even if you aim to purchase in multiple locations.

Our range of fix and flip loans includes:

• ● Multifamily rehab loans

• ● Apartment rehab loans

• ● Rehab loans for rental properties

• ● Investment property rehab loans

• ● First-time fix and flip loans

• ● Short-term loans for flipping houses

READY TO GET STARTED?

If you’re ready to make a move on a fix and flip property or would like to find out more about Rehab Lend and how we can help you with our flexible fix and flip financing solutions, get in touch today. One of our Senior Loan Experts will get back to you as soon as possible.