A fix and flip loan is used exclusively for a single-family home, allowing investors to purchase distressed properties or fixer uppers to fix the damage, improve the home's value and flip it for a profit. As an investor, your goals are:
At Direct Investors, we know that great deals on single-family homes come quickly and often when you are least prepared. A successful investors must be quick to respond, and that is where we come in. We help investors execute a plan and make an offer quickly with fast closing.
We understand that most of our clients who purchase investment properties perform some level of rehab to prepare the property for rental or sale. In some cases, the rehab can even cost more than the purchase price of the property. For this reason, we base our loans on total project cost, lending up to 75% of the total project cost. Rehab cash is held back and released as your project is completed.
Turn to fix and flip loans from Direct Investors and count on:
In most cases, the best investment properties for home flippers do not meet FHA guidelines, and Freddie Mac and Fannie Mae will not back loans on the property. Federal agencies will not back a loan on the home, and banks do not like to make short-term loans, because they make money on the interest paid and stop making money when the loan is paid. Options for the investor can be limited.
Direct Investors offers same-day prequalification to give you the cash you need quickly to take advantage of opportunities that come up. We also offer interest-only and term fix and flip investment loans up to seven years with the ability to choose your own payment schedule to fit your needs. Our most popular program is the 6-9 month loan, allowing you to buy, improve and flip properties quickly with very little out-of-pocket money.
Do not allow another great opportunity to slip through your fingers for want of financing. Direct Investors will get you approved and funded quickly so you can make the best offers on opportunities that come up, improve the properties and flip them fast for a profit. With competitive rates and flexible terms, you will not beat our fix and flip financing!