Fix & Flip
KEEP MORE OF YOUR FLIPPING
MONEY WITH GALATI GROUP
With a Galati fix and flip loan, you can fund your next project fast, with a fraction of the cash.
Why Hard Money Fix and Flip Lenders
Why Hard Money
In a competitive real estate market, cash is king. What many investors have learned, though, is that while cash may be king, it is not always completely necessary. Hard money loans, or fix and flip loans, provide investors who do not have (or want to deploy) all of the cash required to fund a purchase + renovation the ability to compete with cash buyers, while utilizing just a fraction of the cash out‑of‑pocket.
What are Hard Money Loans
Hard money loans are specific short-term advances the lender provides for the purchase of a property. Such a loan is an excellent option if you are an investor that is looking to close a loan quickly. The average hard money loan process can complete in 10 business days or less in most cases.
What is the Average Hard Money Loan Duration
Most hard money loans that are for rental properties pay off in 90 days or less. If the repairs are completed in 30 days or less, and you immediately get it rented, your tenant will be making your payments. We have actually had some clients refinance in under 45 days. On properties being flipped, the current average loan duration for our clients is 120 days.
People use hard money for:
House Flips
Rental Properties
Renovations
House Flips
Multi-Family Housing
Commercial
HARD MONEY FOR FIX AND FLIP LOANS
HouseMax Funding provides top-tier financing for flipping houses in Texas with a fix and flip loan that works for you. Whether you are a first-time flipper looking for a hard money loan, or an experienced flipper looking for the best rates for fix and flip loans, we can help.
Find out more by requesting a quote below.
Hard Money Example
A distressed property may be for sale for $200,000, which is discounted from its true value of $325,000 because of all the necessary repairs. A traditional lender will offer a conventional loan of up to 75 percent of the purchase price of the home that would be, at most, $150,000. The hard money lender (likely a Texas fix and flip loan company like HouseMax) will offer up to 75 percent of the after-repair value, which can be up to $243,750. These loan funds can be used to renovate the property and make huge profits.
FAST HARD MONEY FOR FIX
AND FLIP LOANS
Find out more by requesting a quote below.