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Hard Money Fix N Flip Loans

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What are fix and flip loans and how do they work?

Essentially, a fix and flip loan is a loan used to acquire a real estate property, rehabilitate it (i.e., fix it), and then flip it for a fast sale. These are very short-term hard money loans suited for savvy real estate investors like Beau Eckstein, recently featured on HGTV’s “Flip It to Win It!”

Most real estate investors don’t have the liquid funds they need in order to purchase, rehab, and sell real estate properties, especially here in the San Francisco Bay Area, as real estate prices are very high and are only going up.

Beau Eckstein and company have a variety of fix and flip loan programs. The 2 basic ones are purchase money loans (slight rehab, where the real estate borrower self-funds the down payment for the acquisition as well as the improvements), and the more common construction loan, where the lender fronts the construction costs as well as the bulk of the loan acquisition amount.

They have several concepts in common, chief among them that they are based on the ARV (After Renovated Value) rather than how conventional loans are based solely off the current value.

These are very specific loans that require a savvy real estate investor as well as a skilled house flipper.

For more information about fix and flip loans, contact Beau Eckstein at (925) 852-8261 or at his website,

http://reiloanpro.com

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