If you’re like many people, you’re curious about how the whole “fix and flip” process works.
A “fix and flip” is the process of purchasing a home, fixing it up, and selling it for a profit.
Where Do Real Estate Investors Get Money?
Many real estate investors, or REIs, get money through hard money lenders. Because investment properties are typically tough to finance, a hard money lender in Atlanta is often a good choice; the loan criteria for this type of funding isn’t the same as it is with a traditional lending institution.
If You’re Flipping a House…
Flipping a house is rarely as easy as it looks on TV. If you’re interested in becoming the type of REI who fixes and flips houses, you’ll need to be extremely careful so you stay out of legal trouble (and so you can sell the house quickly at maximum profit).
Don’t be tempted to undertake the repairs without the right permits, and remember: if you have a team of professionals helping you, the entire process will go much more smoothly. A great team can include:
- Your Atlanta hard money lender
- A real estate agent or Realtor®
- Professional contractors, such as plumbers, electricians and other experts
Do You Need a Hard Money Loan in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.