Fix and Flip Loans

WHAT ARE FIX AND FLIP LOANS?

Fix and flip loans are a type of mortgage that can be used to buy, fix up an sell for more. These types mortgages work well if you plan on investing in property because they provide higher returns than traditional first mortgages.

The “fix” part means making repairs or improvements such as updating HVAC systems while the flippable side allows investors who don't want too much hassle with maintaining their homes after purchase time comes around again - either way it's all about getting value out there!

How Much of a Loan Can I Get? 

Though the best terms are usually reserved for experienced investors with excellent credit and high down payment, you don’t need to have a history of successful real estate investments in order get this kind loan. Loans available both beginner or professional demographics that want participate more fully by taking on equity risks while still having access various financial incentives at their disposal like lower rates than banks offer otherwise - as well as those looking forward towards eventually selling off what they've purchased just so someone else will pay them back! Loan amounts typically fall between $200K-$2 MM depending on the project and the borrower.

The Loan amount is determined by assessing the estimated after-repair value, called ARV in short. We fund 75% of standard rehab and 70%. The costs can include hard or soft expenses like permits to make sure your home looks great again!

You can also get a quick cash injection with these short-term loans. There's interest only payment for 12 months and fixed rate. You might be able to use it as an individual or even company (LLC).

FIX AND FLIP LOANS WITH BAD CREDIT

The great thing about hard money loans is that you don't need good or higher credit. You just need an application, and we'll take care of everything else!

A minimum score of 620 will ensure your approval- even if it's not the best time for borrowers with less than perfect records in debt management - but there are still opportunities available to those looking beyond traditional methods like salary alone.

The FHA 203k loan is a great way to get your home re-built, and it can be an excellent option for those with bad credit. This type of mortgage allows you borrow between $5K - 35 K depending on how much money they have available in order put down as little 3%. There's also another program called Home Style Renovation Loans offered by Fannie Mae which offers tax benefits too!

15 Properties
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Pending
4199 Bradford St NE Grand Rapids, MI 49525
3
Beds
2F11/2
Baths
2,823
Sq.Ft.
1987
Year Built
45
Days on Site
22044822
MLS
Welcome To This Newly Updated Home In Forest Hills Schools With Desired Grand Rapids Township Taxes! Generously Sized Living Room With Big Picture Window And Dining Area, Great For Entertaining....
3
Beds
2
Baths
2,475
Sq.Ft.
1994
Year Built
76
Days on Site
22041172
MLS
Exceptional location near Gun Lake on a 1.9 acre corner lot in the Martin school district. This wonderful home has so much to offer from the wood-burning fireplace in the spacious living room to the...
4
Beds
2
Baths
1,776
Sq.Ft.
1965
Year Built
6
Days on Site
22049784
MLS
Welcome home to this beautiful colonial home, nestled in the trees of Waukazoo Woods and steps from Lake Macatawa access. Featuring 4 bedrooms, 2 1/2 baths and many surprising amenities. The main...
3
Beds
2
Baths
2,064
Sq.Ft.
1920
Year Built
15
Days on Site
22048958
MLS
Five acres of rolling woods and nature. This property is in the Northview School District and only minutes from Knapps Corner. Whether you are looking to build for privacy and location or looking for...
2
Beds
2F11/2
Baths
1,592
Sq.Ft.
1988
Year Built
10
Days on Site
22049214
MLS
Welcome to the Leisure Creek Condominium Community. This spotless unit features a 1 main floor bedroom and an additional lower level bedroom. There is a third room on the main level that could...
Pending
1341 Jeffery St Hudsonville, MI 49426
3
Beds
1
Baths
1,224
Sq.Ft.
1970
Year Built
92
Days on Site
22038524
MLS
Welcome to this 3 bedroom.home. Additional garage 30x20 for additional storage. Located on a short cul-de-sac street.
The basement is clean and wide open ready for your future expansion. Just a...
12.74
Acres
29
Days on Site
22047439
MLS
Search prop on www.auction.com for details and offer opportunities. Decisions may take 1 week. Contact agent or Auction.com (1-800-793-6107) directly for info. 5% or$2,500 minimum buyers & rsquo;...
$132,000
Neighborhood: Oj Merritt Addition
3
Beds
1F11/2
Baths
1,166
Sq.Ft.
1917
Year Built
21
Days on Site
22048415
MLS
Wonderful single family home oozing with potential, perfect for first-time homeowners or investors. This home was built in 1917 and features 3 bedrooms and 1.1 bathroom, with plenty of living space....
Pending
5844 Orleans Rd Orleans, MI 48865
2
Beds
2
Baths
1,104
Sq.Ft.
1995
Year Built
12
Days on Site
22049146
MLS
See this wonderful home today. This single section manufactured home ideally located just off M-44 in Orleans Mi. The freshly updated interior is a pleasure to view. The home features a generous...
4
Beds
2
Baths
2,288
Sq.Ft.
2003
Year Built
68
Days on Site
22042368
MLS
Great opportunity to put in some sweat equity to unlock all the potential of this property. Four bedrooms and two full baths along with roughly 2000 finished square feet offers plenty of room. This...
4
Beds
1
Baths
1,248
Sq.Ft.
9999
Year Built
7
Days on Site
22049527
MLS
Farmhouse style house on 0.50 acre corner lot with large garage and bonus room with wood fireplace. Main floor bedroom, bath and laundry. Public access to Thornapple River near by.
Pending
1006 Madison Ave SE Grand Rapids, MI 49507
4
Beds
2
Baths
1,540
Sq.Ft.
1884
Year Built
18
Days on Site
22048711
MLS
Here is a great opportunity to add value to a large home with detached garage, four bedrooms and two baths, original woodwork, enclosed front porch and tall ceilings

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