Have you ever been curious about how the stars of the HGTV reality show “Flip or Flop” got their start? They did it using fix and flip loans that are also called rehab loans. Fix and flip loans are short-term loans given to real estate investors who want to buy a residential property, renovate it and then sell it for profit. Flippers stand to make a lot of money when everything is done right.
Since so many people watch “Flip or Flop”, almost everyone understands the process of flipping a house. However, a lot of people are not aware of how fix and flip loans work and what they offer. First off, this kind of loan is only used for single-family homes. Rehab loans can’t be given to fix up and resell apartment buildings, for example. These kinds of loans are also time sensitive. We understand the need to lock in capital as soon as possible because we have worked with numerous real estate investors in California. We offer funding in as little as 24 hours along with these other perks: