A fix and flip loan is short-term financing designed for real estate investors who purchase properties, renovate them, and quickly resell them for profit. These loans cover both the purchase price and renovation costs, allowing you to execute your flip strategy without using all your own capital.
Unlike traditional mortgages, fix and flip loans are asset-based, meaning approval is primarily based on the property's after-repair value (ARV) and your renovation plan, not just your personal income. This makes them accessible to both new and experienced investors looking to grow their portfolio through house flipping.
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Important terms and requirements for this loan product.
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