Blog
What Credit Score Do You Need for a Competitive Rate on a Fix and Flip Loan?
It’s a well-known fact that a low credit score means less opportunity. This can be disheartening if you’ve had trouble with credit in the past and therefore have no means to boost yourself up. Luckily, when it comes to fix and flip loans, a lower credit score doesn’t always mean a higher loan rate. A […]
Hard Money Loans – What You Need To Know
A hard money loan (also called ‘short term’/’private money’/’rehab’/’fix and flip’ loans) means borrowing money used for the fix and flip project by mortgaging the property that you plan to flip. You use the property as collateral. These types of loans are done quickly because they are relevant in fast-paced industries. When investors come across […]
Lawrence Area Case Study
Purchase + Rehab: $155,500 Sale Price: $199,500 Approximate Profit: $22,000
Washington Township Case Study
Purchase + Rehab: $285,000 Sale Price: $415,000 Approximate Profit: $61,000
Woodruff Place Area Case Study
Purchase + Rehab: $196,000 Sale Price: $278,000 Approximate Profit: $50,000
Lebanon Area Case Study
Purchase + Rehab: $179,500 Sale Price: $255,500 Approximate Profit: $40,000
Herron Morton Area Case Study
Purchase + Rehab: $350,000 Sale Price: $665,000 Approximate Profit: $200,000
Near East Side Case Study
Hamilton Ave. Purchase + Rehab: $223,500 Sale Price: $289,000 Approximate Profit: $55,000