Fix and Flip Loans
Fix and flip loans are short-term, real estate loans designed to help investors purchase and renovate properties to sell at a profit within 12 to 18 months.
· Most fix and flip loans are hard money loans from individuals or private investors, with interest rates ranging from 9% to 12%.
· Traditional home loans are long-term investments for personal residences, while fix and flip loans are short-term investments for property renovation and resale.
· Fix and flip loans offer advantages such as fast funding, flexible terms, and less risk compared to traditional home loans.
· Costs range from 2-4 points at closing
