The “fix and flip” projects are profitable for investors but also an attractive alternative for home buyers in today’s market because the typical home buyer generally lacks the ability, know how, funds and time to make renovations or repairs, so in turn they look for properties that are move in ready in markets they want to be in.
Investorprivatemoney.com offers loans which are a helpful alternative for real estate investors who do not otherwise have access to all the capital required to make a project work like this on their own but still want to take part in the local fix and flip market. And for the more experienced well-capitalized investors who are looking to leverage their equity position to do more than one deal at once.

What are Fix and Flip Loans?

By definition, “Fix and Flip” loans are short-term loans which are used by real estate investors to get and improve a property to then sell as fast on the open market as possible for a profit.

Where to get a fix-and-flip loan

Sometimes, situations arise in which obtaining a loan from a bank or a conventional lending source may take too long or be too costly for the borrower. Traditional funding sources will heavily weigh on the buyer’s credit history. Then often discount the buyer’s experience and ability to do the work required to get the property in a marketable state.
At investorprivatemoney.com our sources can offer a short-term choice on financing, with terms that can range from a few months to a longer duration depending on the borrowers needs and the property serves as collateral. The investorprivatemoney.com “fix and flip” loan can also have lower requirements as far as qualifications and higher interest rates, plus points. The points are a percentage of the total loan amount and are determined by the perceived risk versus reward undertaken by the private investor source.