The house flipping market is changing, and ZINC Financial is changing with it.
While California remains at the top of the pile when it comes to gross profit per flip, we recognize that there are a number of excellent flipping markets spread across the United States. And so, in order to better serve our clients, ZINC Financial now offers residential rehab loans in Arizona, Colorado, Indiana, Michigan, New Mexico, Texas, Washington, and Tennessee, in addition to the great state of California.
Each of these states has a number of opportunities for professional investors to put fix and flip loans to excellent use. According to Forbes, two of the five hottest house flipping markets right now are in Memphis, Tennessee, and Detroit, Michigan. Cities like Denver and Austin are also highly cited for their booming housing markets. These are cities that Millennials are moving into in droves, which is pushing prices up and creating a lot of opportunity for high-end house flips.
But that is in our only great news.
The team here at ZINC is happy to announce that beyond house flipping loans, we are now also launching a Joint Venture Program. This new program is open to experienced rehabbers who have completed at least two successful flips over the last year. Under the program, ZINC will fully fund the costs of acquisition and all rehab hard costs on investments up to $500,000. Before the project begins, ZINC and the rehabber will agree on an equitable split of backend profits.
We believe that this program will make it easier than ever for our trusted clients to capitalize on this strong housing market. Even if you haven’t worked with ZINC Financial before, we hope you will explore our new Joint Venture Program and ask around about our reputation in the housing industry. We believe you will find that ZINC Financial has a time-tested reputation of working with true professionals and funding loans in seven to ten business days without fail. We offer some of the most competitive rates in the industry and enjoy building lasting relationships with each of our clients.
Give us a call today at (559) 326-2509 to learn more!