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Fix and Flip
Fix and Flip is areal estate strategy where investors buy a property, renovate it, and sell or rent it for a profit. It's also known as house flipping.
Here are some key aspects of fix and flip:
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Investors aim to sell the property as quickly as possible for as much of a profit as possible.
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Investors can use short-term loans, known as fix and flip loans, to finance the purchase and renovations. These loans can be structured as a term loan or line of credit.
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The difference between the cost of acquiring the property and the after-repair value (ARV) is the expected profit. The ARV is an estimate of the property's value after renovations are complete.
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Fix and flip can be a profitable investment strategy, but it requires knowledge, planning, and patience. Common mistakes include underestimating the time or money required, or overestimating skills and knowledge.
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Greenlight Commercial Funding Helps Investors with the funding to purchase as well as look for properties that are discounted due to their condition, such as those that have been abandoned or are in disrepair and runs the analytical data to support a profitable transaction.
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Greenlight Commercial Funding will finance 100% of the renovation cost of major renovations, or just some cosmetic updates.
Click the link below to start you application, we will evaluate your file for an approval or let you know what is needed.
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