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Fix&Flip

From Fixer-Uppers to Dream Homes: Discover the Top 10 ZIPS Flipped in Q1 2023

Nine percent of all U.S. house sales in the first quarter of 2023 were flips, with 72,960 single-family homes and condominiums changing hands. This is the second-highest level this century, down from the all-time high of 9.4 percent in Q1 2022 but up from 8 percent in Q4 2022.

While property flipping activity increased, ATTOM's most recent analysis found mixed patterns for raw profits and profit margins. The analysis found that earnings and returns on investments both rose little between Q4 2022 and Q1 2023, but were still near decade lows.

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The Art of Timing: Strategizing Your Fix and Flip Project

Are you about to take on your first major renovation project on a rental property? It's thrilling to take on a new project, but it may be difficult to figure out the finances, find inspiration, narrow the scope, find the right team, and evaluate cost breakdowns for a fix-and-flip or rental property renovation.

However, a schedule for the renovations has not been planned. Many first-time property buyers fail to account for this factor, which can result in costly delays and overruns.

Once a project begins, it is usual to discover that the estimates were inaccurate, despite your best efforts. Many things might go wrong on a building project, leading to surprises you hadn't planned for.

In this article, you'll learn valuable information that will help you schedule your fix-and-flip job so that you're ready for any challenges that may arise. Prepare yourself with some coffee and note-taking.


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What is a Fix and Flip Loan

 Real estate investors employ fix-and-flip loans, which are short-term financing, to purchase properties that they then improve and resell for a profit. The practice is commonly known as "flipping" houses. Funding for both the purchase price of the property and the cost of making necessary repairs is often available through fix-and-flip loans.

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6 Fix and Flip Markets to Look Out For in 2021

6 Fix and Flip Markets to Look Out For in 2021

The COVID-19 pandemic has brought challenges to just about every industry. The housing market, and the fix and flip market in particular. With interest rates continuing to stay low demand for houses remains high; however, homeowners are un-eager to put their homes on the market rather than opting to sit tight, despite increased home values, which is leading to a lot of fierce competition that doesn’t show any signs of slowing down in 2021. With  the right research investors seeking out fix and flips can score big this year.

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What Is A Hard Money Loan?

 Hard money loans are short-term, non-conforming loans for commercial or investment properties that are made by individuals or companies that do not require conventional forms of security. Hard money loans are an alternative for businesses that have been turned down for a regular loan or mortgage, or who just don't have the time to wait for the traditional loan approval process.

 Hard money loans, like conventional mortgages, are secured loans backed by the value of the underlying property. "Hard" in "hard money" refers to the physical security for the loan. When a borrower fails to repay a secured loan, the lender can seize the collateral and sell it to recoup any losses.

 Hard money loans, in contrast to mortgages and other secured loans, are approved swiftly and usually have fewer requirements, making them a good choice when buying something immediately is a priority.

 From the time a mortgage is applied for to the time a deal is finalized, more than a month may pass. Loans from hard money lenders can be closed in as little as a few days.

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