About Fix and Flip Loans
With a Texas fix and flip loan, you can fund your next project fast, with a fraction of the cash.
In a competitive real estate market, cash is king. What many
investors have learned, though, is that while cash may be king, it is not always completely necessary. Hard money loans, or fix and flip loans, provide investors who do not have (or want to deploy) all of the cash required to fund a purchase + renovation the ability to compete with cash buyers, while utilizing just a fraction of the cash out‑of‑pocket.
Hard money loans are specific short-term advances the lender provides for the purchase of a property. Such a loan is an excellent option if you are an investor that is looking to close a loan quickly. The average hard money loan process can complete in 10 business days or less in most cases.
Most hard money loans that are for rental properties pay off in 90 days or less. If the repairs are completed in 30 days or less, and you immediately get it rented, your tenant will be making your payments. We have actually had some clients refinance in under 45 days. On properties being flipped, the current average loan duration for our clients is 120 days.
In a competitive real estate market, cash is king. What many
investors have learned, though, is that while cash may be king, it is not always completely necessary. Hard money loans, or fix and flip loans, provide investors who do not have (or want to deploy) all of the cash required to fund a purchase + renovation the ability to compete with cash buyers, while utilizing just a fraction of the cash out‑of‑pocket.
Using HouseMax for your fix and flip loans will allow you to do up to 5 times as many deals, compared to cash. The lender will base the loan on a percentage of the projected after-repair value (ARV) of the property rather than the purchase of the residential or commercial property. Lenders will reimburse for the repairs that you have completed, which helps keep the cash flowing.
A distressed property may be for sale for $200,000, which is discounted from its true value of $325,000 because of all the necessary repairs. A traditional lender will offer a conventional loan of up to 75 percent of the purchase price of the home that would be, at most, $150,000. The hard money lender (likely a Texas fix and flip loan company like HouseMax) will offer up to 75 percent of the after-repair value, which can be up to $243,750. These loan funds can be used to renovate the property and make huge profits.
HouseMax Funding provides top-tier financing for flipping houses in Texas with a fix and flip loan that works for you. Whether you are a first-time flipper looking for a hard money loan, or an experienced flipper looking for the best rates for fix and flip loans, we can help.
Find out more by requesting a quote below.
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We are real estate experts. The owners have flipped over 3,000 homes, listed and sold over $750 million in residential property and wholesaled hundreds of investment properties. We get you. We got you. Let’s go!
When you’re looking for the best hard money lenders in the nation, HouseMax Funding is the choice to make. We provide an exceptional level of service for our borrowers for home renovation loans, construction loans, and more. Find out how easy hard money lending can be by contacting us today.
Keep more of your profits with Housemax Funding.
Call or email HouseMax Funding to discuss your deal(s). We will be able to help you pre-qualify the deal over the phone in a matter of minutes. If the numbers make sense for all parties, it’s time to get to work.
In a competitive real estate market, cash is king. What many investors have learned, though, is that while cash may be king, it is not always completely necessary. Hard money loans provide investors who do not have (or want to deploy) all of the cash required to fund a purchase + renovation the ability to compete with cash buyers, while utilizing just a fraction of the cash out‑of‑pocket.
In a competitive real estate market, cash is king. What many investors have learned, though, is that while cash may be king, it is not always completely necessary. Hard money loans provide investors who do not have (or want to deploy) all of the cash required to fund a purchase + renovation the ability to compete with cash buyers, while utilizing just a fraction of the cash out‑of‑pocket.
