1.-Time
Time is key when thinking about fixing and flipping. You must take into consideration that the loans that you have accumulate interest, and the more time you take to fix and flip the more you invest and the lower your Return on Investment (ROI) becomes. Time is also key when it comes to staying on track with your contractor and your realtor. You need to be able to stay within the time frames that they have provided in order to get the most out of your investment.
2.-Financing
You have found a home that seems perfect for your project expectations, and now you need to find the right lender that suites you and your project needs. Private Money Loans are a perfect solution for short term projects because they help you get the money you need quickly. A good lender will guide you throughout the process and will help you to determine your best options.
3.-Selling
You have finished your fixer upper and you are ready to place the house on the market. Selling is probably one of the most important aspects of your project. Having a real estate agent allows you to facilitate this process. You have invested time and money into your project, so selling quickly helps you to get the best return as possible. When it comes to selling make sure that you don’t over price your project and that you took into consideration the 70% rule. This will allow you to place the home at the right price and facilitate the process between your prospective buyer and their lender.
Ready to get funded?
Please give us a call at 956.928.1111 or email us at info@capitalinsiders.financial
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