Fix and flip loans are a popular choice among real estate investors due to the numerous benefits they offer. One of the main advantages of these loans is the speed and ease of obtaining them, allowing investors to move quickly on profitable properties. Additionally, fix and flip loans are typically more flexible than traditional loans, providing investors with the ability to use the funds for a variety of purposes, including purchase, renovation, and closing costs.
Another benefit of these loans is that they often have less stringent credit and income requirements than traditional loans, making them accessible to a wider range of investors. Furthermore, fix and flip loans typically offer high loan-to-value ratios, which means that investors can borrow more money against the value of the property.
By purchasing, renovating, and reselling properties for a profit, investors can potentially earn high returns on their investment. Additionally, fix and flip loans are usually short term loans, usually with a term of 6-18 months, this allows the investors to hold the property for a shorter period of time, reducing the overall risk.
| LTC | LTV | Loan Amount | Term | Recourse | Interest Type | Property Type | Construction Management |
|---|---|---|---|---|---|---|---|
| 90% | 70% | $75K to $3MM | 13, 19, 24 months | Non-recourse available | Interest only | 1-4 unit residential properties | In-house construction managemen |
