Fix and Flip real estate loans assist investors in purchasing and rehabbing properties quickly for resale. Also, fix and flip loans are typically asset-based – which means that the value of the property being purchased is the primary factor considered when qualifying for a loan. Therefore, determining the value of the property through a detailed inspection & appraisal is very important. This value, and the borrower’s credit score will quickly determine if the borrower will qualify for a loan.
As the economy continues to improve, real estate values are steadily increasing in markets across the country. Real estate investors are using a strategy that involves both buying and holding properties for the long term, and fixing and flipping to generate fast cash returns. Let PBFS help you leverage your cash by refinancing any of your investment properties with untapped equity, or by providing a fix and flip purchase and rehab loan today! Call us at (801) 332-9437, or click here to submit you project for review now!
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