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Fix-and-Flip Loans in the current 2023 Market

At Future Funding Inc., we understand that fixing and flipping homes can be a lucrative business. However, without the right financing, it can also be a daunting task. That's why we offer a range of Fix and Flip loans to help you get started or take your business to the next level. In this article, we will discuss Fix and Flip loans in the current market, and how you can take advantage of this opportunity.


What are Fix and Flip loans?


Fix and Flip loans are short-term loans that help investors purchase and renovate properties for resale. These loans are typically used by real estate investors who want to take advantage of the current market conditions and make a profit. Unlike traditional loans, Fix and Flip loans have more flexible requirements and a faster approval process, making them an ideal choice for investors looking to move quickly.


Why are Fix and Flip loans important in the current market?


The current real estate market is experiencing high demand and low inventory. This means that properties are selling quickly, and investors need to move fast to secure a property before someone else does. Fix and Flip loans help investors do just that. With a fast approval process and flexible requirements, investors can get the funding they need to purchase and renovate a property quickly, giving them an edge in a competitive market.


Types of Fix and Flip loans


Futures Funding Inc. offers a range of Fix and Flip loans to meet the needs of different investors.


These include:

  1. Hard Money Loans - Hard money loans are asset-based loans that use the property being purchased as collateral. These loans have a higher interest rate and shorter repayment terms, but they can be approved quickly and are ideal for investors who need to move fast.

  2. Private Money Loans - Private money loans are similar to hard money loans, but they are funded by private investors rather than a traditional lender. These loans have more flexible terms and can be approved quickly, making them a popular choice among real estate investors.

  3. Bridge Loans - Bridge loans are short-term loans that help investors bridge the gap between purchasing a property and securing long-term financing. These loans are ideal for investors who need to move quickly and don't have time to wait for traditional financing.

How to qualify for a Fix and Flip loan


To qualify for a Fix and Flip loan, you will need to meet certain requirements. These may include:

  • A minimum credit score of about 620 (some exceptions apply)

  • Proof of income or assets (liquidity to close, typically 2-months bank statements)

  • A down payment of at least 10-20%

  • A solid business plan outlining your renovation and resale strategy

  • A property BPO, Interior BPO, and/or appraisal and inspection

Futures Funding Inc. understands each investor's situation is unique, and we work with our clients to find the best loan options for their needs.


If you're interested in Fix and Flip loans, now is a great time to take advantage of the current market conditions. With high demand and low inventory, investing in real estate can be a lucrative opportunity. We offer a range of Fix and Flip loans to help investors get started or take their business to the next level. Contact us today to learn more about our loan options and how we can help you achieve your real estate investing goals.


Sincerely,


James McCarthy

CEO - Futures Funding Inc.

james@futuresfundinginc.com

.

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