The LA Times reports that a new study out of Redfin has underscored the current “bubbliness” of the Los Angeles housing market. Currently home prices are rising faster than incomes in the L.A. area as more people are putting their homes on the market and buyers are rushing to scoop up the best deals. A full 10% of home sales in March were flips, which goes to show just how invested house flippers are in the current market.
With inventories still low and increasing confidence in the market, most homes listed for sale in Los Angeles are selling within a matter of days and are usually receiving multiple bids. The number of foreclosures is only going down, and demand is continuing to rise as house flippers are having a heyday in the current L.A. market.
The fear of “the bubble” is a legitimate one, but one that house flippers can minimize by choosing their investments wisely and being ready to act at a moment’s notice. With such fierce competition throughout the Southern California housing market, the best way for an investor to get ahead is to partner with a strong rehab loan lender who can provide sound guidance in this tumultuous market as well as quick funding when needed.
Direct Private Money Lender Funding at High Speed
At ZINC Financial, we are able to pre-approve loans for our clients in as little as 24 hours so that when a house goes on the market, they’re able to make a strong bid within hours or even minutes. We help our clients understand the ins and outs of the market and perform solid research so that when a house does become available, they know almost instantly whether or not it’s a good rehab investment opportunity. We also support our clients with our strong reputation and ability to act quickly when distributing rehab loans. When you apply for a loan with us, we can have funds in your hands within 7 to 10 business days and provide approval in as little as 24 hours.
Stay ahead of the curve in the Los Angeles housing market by partnering with ZINC Financial. We will help make sure your research is solid, your investment strategy is wise, and your funding is in place when you need it. Our experts can also help you devise a plan for what types of properties to invest in, highest ROI renovations, and strategies for fast and effective bids.
Learn more by contacting ZINC today.