Welcome to South Florida Funding Group – Your Business Funding Source
Street sign with words: Buy Fix Sell

House Flipping Loans

When done right, house flipping can generate a profitable and worthwhile profit for the individuals in practice. Though the act of buying, flipping, and reselling properties can be an incredibly lucrative investment for many, there are still enough costs in flipping a house that is often more expensive than just buying a house to live in.

Consider that flipping a house means that you will have to pay to become the property owner for the back utilities and property taxes plus the purchase price of the property and closing costs. All of those costs come before you even start considering the costs of actually renovating the home. Additionally, there are taxes you need to remember, such as capital gain taxes.

All of these costs add up quickly, and getting a loan can be hard as a new/inexperienced house flipper. This is because there is a higher risk to the loaner when the goal is to flip and resell the house than to just buy and live in the home. For an inexperienced house flipper, this means that they may charge you a higher interest on your loan because you don’t have the track record of success that more experienced and established house flippers have. As such, some lenders may even choose not to work with/lend to inexperienced house-flippers.

However, this doesn’t mean that new/prospective house-flippers are entirely out of luck.

Florida Fix and Flip Lender

Purchasing rundown properties, fixing them up, and flipping them for profit is a great business model. However, this can often pose a problem for many flippers. How to get the financing required to purchase and flip the property? To do this, many people turn to an alternative business funding lender, such as the South Florida Funding Group. By turning to one of these lenders, you’ll be able to apply for fix and flip funding, this will make it easier to invest in residential properties. Let’s look at what these loans are, how they work, and whether they can benefit you.

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The business funding you need when others say No!.

2569 Bay Pointe Dr.
Weston FL 33327

Email:
drew@southfloridafundinggroup.com 

786-544-2700

DISCLAIMER

 The operator of this website is NOT a lender, does not make offers for loans, and does not broker online loans to lenders or lender partners. Customers who arrive at www.SouthFloridaFundingGroup.com are matched with a lender or a lender partner, who offer business loan products or credit repair services.