Fix and Flip Loans
If you’re interested in flipping houses, you’ll be thrilled to learn that fix and flip loans were specifically designed for you! Secure a short-term fix and flip loan from InstaLend and embark on a profitable opportunity to see your ROI fast!
What are Fix and Flip Loans?
Conventional mortgages were originally designed for long-term residences. People who secured home loans were planning on staying in their homes for 10, 20, or 30+ years. That’s why it made sense that the terms were so long. While this is good for people who want to live in their homes, it doesn’t make them great for investment property loans.
Fix and flip loans are designed specifically for people who want to use the designated property for an investment. These short-term real estate loans help investors purchase and renovate property with the goal of selling at a profit within 12 to 18 months.
Investors typically use fix and flip loans to purchase residential properties at auctions or foreclosures, to finance renovations or upgrades, or to cover additional costs that go with home/property ownership. Fix and flip loans are specific yet versatile in their offerings, giving investors the best of both worlds.
About Our Fix and Flip Loans
InstaLend offers fix and flip loans to help investors renovate and resell fast. Although fix and flip loans are different from new construction loans (which are used to build completely new residential or commercial properties), the two share many similarities.
Several advantages of securing a fix & flip loan from InstaLend for your investment property include:
- Fast funding.We can close fix & flip loans within two a weeks. You can’t beat that!
- Ideal for investors looking to diversify their portfolios.
- Short terms. 12-18 months means you’ll see an ROI quickly. Everyone likes a fast turnaround when it comes to seeing a profit.
- Low risk. Fix & flip loans are less risky than traditional home loans because they are backed by the property for which they were granted. Here at InstaLend, we offer $50,000+ loan amounts that cover up to 90% of the purchase price and 100% of rehab costs.
Why You Should Apply for Fix and Flip Loans at InstaLend
Investment properties are different from long-term residences, so their loans should be too! InstaLend knows the importance of giving investors the loans they need with terms that make sense for their goals.
Our team is made up of knowledgeable professionals, all of whom have years of experience working in the real-estate lending industry. We’ll provide you with the guidance you’re looking for to make an educated decision on your real estate investment. We specialize in asset-based loans, quick approvals, and a streamlined approach. Work with us to get started on your fix and flip property loan today.