Financial Services
Fix and flip loans are short-term loans used to buy and renovate investment properties. The goal is usually simple: purchase a property below market value, improve it, and sell it at a higher price. These loans are commonly offered by private lenders, hard money lenders, and real estate investment lenders.
Fix and flip loans are often used for:
- Distressed homes
- Foreclosure properties
- Auction purchases
- Older homes needing updates
- Short-term renovation projects
- Investor-owned properties
- Cosmetic remodels
- Full property rehabs
These loans are usually not meant for long-term ownership. They are built for speed, renovation, and resale.
