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FIX & FLIP LOANS FIX & FLIP LOANS https://www.investopedia.com/ CLOSING TAKES 2-14 DAYS, MUCH FASTER THAN CONVENTIONAL BANK LOANS. COMMON FIX & FLIP PROPERTIES AVERAGE LOAN TERM 1 YEAR INTEREST-ONLY LOANS WITH NO PREPAY PENALTY AVERAGE AMOUNT PRIVATE LENDERS WILL LOAN FOR TOTAL PROPERTY COSTS INCLUDING REHAB AND REPAIRS. SINGLE-FAMILY HOMES TOWNHOMES $75K - $5M MULTI-UNIT HOMES CONDOMINIUM HOMES PRIVATE MONEY LOAN LIMITS: % LOAN INTEREST 9-12% WHICH IS HIGHER THAN MOST BANK LENDERS. LOAN-TO-VALUE AMOUNT OFFERED BY PRIVATE MONEY LENDERS IS 70-90 70-90 % 10-20% DOWN PAYMENT REQUIRED CREDIT SCORE IS LESS IMPORTANT THAN PROPERTY VALUE FOR LOAN APPROVAL EASIER QUALIFICATIONS THAN TRADITIONAL BANK LOAN PROCESS https://en.wikipedia.org/wiki/Flipping https://www.hardmoneyhome.com/blo g/how-to-fix-and-flip-a-property- with-no-money-in-your-pocket/ RESOURCES BY YVONNE M. FELTMAN

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Page 1: Fix and Flip Loans - HardMoneyHome.com · FIX & FLIP LOANS C L O S I N G T A K E S 2 - 1 4 D A Y S , M U C H F A S T E R T H A N C O N V E N T I O N A L B A N K L O A N S

FIX & FLIP LOANS

FIX & FLIP LOANS

https://www.investopedia.com/

CLOSING TAKES 2-14 DAYS, MUCH FASTER THAN CONVENTIONAL BANK LOANS.

COMMON FIX & FLIP PROPERTIES

AVERAGE LOAN TERM

1 YEAR

INTEREST-ONLY LOANS WITH NO PREPAY PENALTYAVERAGE AMOUNT

PRIVATE LENDERS WILL LOAN FOR TOTAL PROPERTY COSTS INCLUDING REHAB AND REPAIRS.

SINGLE-FAMILY HOMES TOWNHOMES

$75K - $5M

MULTI-UNIT HOMES

CONDOMINIUM HOMES

PRIVATE MONEY LOAN LIMITS:

% LOAN INTEREST9-12%

WHICH IS HIGHER THAN MOST BANK LENDERS.

LOAN-TO-VALUE AMOUNT OFFERED BY PRIVATE MONEY LENDERS IS 70-90 70-90 %

10-20% DOWN PAYMENT REQUIRED

CREDIT SCORE IS LESS IMPORTANT THAN PROPERTY VALUE FOR LOAN APPROVAL

EASIER QUALIFICATIONS THAN TRADITIONAL BANK LOAN PROCESS

https://en.wikipedia.org/wiki/Flippinghttps://www.hardmoneyhome.com/blo g/how-to-fix-and-flip-a-property- with-no-money-in-your-pocket/

RESOURCES BY YVONNE M. FELTMAN

https://www.investopedia.com/

https://www.hardmoneyhome.com/

https://en.wikipedia.org/wiki/Flipping

https://www.hardmoneyhome.com/blog/how-to-fix-and-flip-a-property-with-no-money-in-your-pocket/

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