Fix and flips are a great way to earn a living or to earn extra money. The most difficult part of buying fix & flips is finding financing, but you can use hard money and finance to your flips quickly.
The big thing about hard money loans is they allow you to buy a property with little money down, also you can base the loan off the value of the home after repairs are made because hard money lenders base the loan amount off the repaired value. That means you could potentially finance the entire purchase price plus some of the repairs.
Here is an example of a hard money loan that will finance 65% of the ARV (after repaired value) of a Repairs needed $22,500
Loan amount of 65% of ARV = $97,500
The entire purchase price and $22,500 of the repairs could be financed People can easily start fix and flips and earn a living or to earn extra money. The hardest thing for most people when starting to fix and flip is finding the money to do it. A hard money loan is a great option or them. They can use hard money and finance their flips easily.
If you have any need of financing fix & flips, contact Magna Capital Group, Inc. today. We have 30 years of experience in finance industry with thousands of satisfied customers in California. For more information, call (310) 734 4044 or email at email@example.com.