Understanding Fix and Flip line of Credit
As you may already know, fix and flip loans are a type of credit which can be used to purchase real estate on a short-term basis with terms that are advantageous to investors. A line of credit to flip houses (also called a “fix and flip line of credit”) can be used to purchase one or more properties simultaneously where one needs immediate access to funds.
Lines of credit for real estate investors are quite handy for allowing quick access to funds for investment purposes.
What are their advantages?
A line of credit for house flipping is a great alternative to traditional financing, especially when you have one or two successful flips in your portfolio. Showing an ability to purchase and manage the sale of real estate for profit is often a more valuable signal to hard-money lenders than consumer-level lenders, who traditionally look more closely at credit score and income.
How to obtain a line of credit for real estate investing
Assuming you have some experience in the fix and flip property industry, you are likely to have many options to work with (and even if you are new, you are likely to have several options as well). But choosing the right line of credit offer is often the difference between a successful (and profitable) flip, and just breaking even on a deal.
Important factors to consider include:
- Origination Fees
- Interest Rates
- Track Record in the industry
- Specialization in Fix and Flips
- Loan Product Options (hard money loans vs. lines of credit, etc.)
Why is Local Flip Funding the best option to consider?
Local Flip Funding specializes in connecting experienced hard money lending specialists with local real estate investors who need quick access to legitimate funding sources. We have cultivated a network of lending specialists and connect you with someone familiar with your area, and the unique factors of hard money lending in your state and county.
Property Types
- Individual or multiple properties
- Single-family, condos, townhomes, multi-family
- Multi-state fundin
Prices & Rates
- $1M – $25M
- Loans up to 80% of cost
- Fixed rates
- 18-month or 24-month terms
Flexibility & Service
- Purchase or refinance
- Revolving options available
- Fix and flip specialists
Why Us
Our fix and flip credit lines provide you with a reliable funding source to purchase new properties or refinance existing investments. Our streamlined approval and funding processes enable you to access capital quickly and without hassle for your next investment project.
Contact Us Today
Click the button below to fill out an application form. It only takes minutes to find out what you qualify for and is free of charge. What are you waiting for?
