Fix And Flip

When it comes to real estate investment, fix and flip is a term that comes up frequently. It is the basic premise of real estate investing, and involves purchasing properties, making the repairs necessary to make them appealing to buyers, and then selling them for a profit, usually within a period of six months, or less. Fix and flip financing, also known as rehab loan financing, is designed to be a short term financing solution, with flexible terms designed to fit the unique needs of rehab investors.

There are many different fix it and flip it strategies available, but they all boil down to the same basic idea:

• Find a property in need of rehabilitation: foreclosure, REO, fire, water, probate etc. or any other distressed or outdated property
• Secure a short term loan from a reputable and direct lender that is designed to cover a portion of the purchase, and a portion of the estimated cost of the necessary repairs and improvements.
• Make the necessary repairs and improvements
• Put the property up for sale, find a buyer, and make a profit
• Start the process over again

The key to a successful fix and flip is planning and organization, and the first step is to find the right lender with available capital for your fix and flip hard money loan. At ZINC Financial, we base your loan amount on the following criteria:

• Amount of money the investor has available, or capital reserves
• Credit and experience
• Purchase price of the property(ies) that you are interested in
• Estimated repair and renovation costs
• Estimated resale value of the property(ies) once repairs are completed

This means that we will never deny your loan based on your:

• Assets
• Income
• Your assets
• Job History
• Or the condition of the underlying property

Fix and Flip strategies are ideal for all experience levels of real estate investors.

Visit us at www.zincfinancial.net or Contact Us Today at 866-949-2931 to get started.