Fix And Flips Alternative Financing

Real estate investors employ fix-and-flip loans, which are short-term loans, to buy and renovate properties that they would later sell for a profit. These upgrades range from modest adjustments to a total rebuild of an existing house. Renovating a school, for example, would not be eligible for fix-and-flip loans because they are only utilized for residential real estate ventures. Property is frequently bought at auction, through a foreclosure, or a bank short sale in a fix-and-flip project. The buyer may decide to make improvements to the property before selling it or may try to resell the property in the future "as-is." Fix-and-flip loans can be used for this. Fix-and-flip loans are often utilized to pay for the up-front expenditures of remodeling the property when a buyer wishes to enhance and resell it for profit.

Fees are as low as 1% to 4% of loans.