Fix and Flip is one of the most popular real estate investment methods. Flipping properties can yield you significant profit. If you are a real estate investor wanting to borrow money for the purchase AND repair of a residential or commercial property.
Some loans have NO CREDIT SCORE REQUIREMENT!
Lending Area: Varies by State
Property Type: Residential (non-owner occupant)
Loan Size: $100,000 + (Loan amount includes purchase + rehab)
Loan Term: 6 months – 12 months (extension are available)
Interest Rate: 8.00% – 14.00%
Amortization: Interest-Only Monthly Payments
Loan to Value: As high as as 90%
Time Frame to Close: 7 to 20 business days