Many smart investors have considered house flipping at one time or another. The potential return on investment of house flipping makes it one of the most lucrative investment opportunities available. But in today’s economic climate, some investors are wary that house flipping might not be the best idea. After all, isn’t the housing market suffering?
It’s true that the US housing market has seen better days, but that doesn’t mean that there aren’t still excellent opportunities for house flippers. In fact, a number of signs that the housing market is beginning to turn have caused many house flippers to get back into the game. According to RealtyTrac, nearly 100,000 homes in America were flipped during the first six months of 2012. That marks a 25% increase over last year. Flippers are eager to get back into the market for a number of reasons.
30 year and 15 year fixed mortgage rates are at all-time lows right now. People who already own homes are refinancing, and many of those people are looking for opportunities to upgrade to new, better houses. Likewise, people who have never been able to afford a home before are finding themselves suddenly able to with these incredibly low mortgage rates. The current mortgage rates are creating a situation in which purchasing a new home is now affordable for a large portion of the population that was previously unable to buy.
These low rates have also helped contribute to a slow but steady turn in the housing market. Experts believe that most of the major housing markets within the United States have passed their bottom points and are slowly beginning to climb again. The old adage of “buy low, sell high” is pushing buyers to move, as homebuyers are hurrying to buy homes at their current low prices before the market surges.
These factors combined are creating an ideal situation for house flippers. Clients who have recently taken out rehab loans from Zinc Financial have reported returns on their investments upwards of 30% over the last several months. Investment opportunities are abundant, and the number of buyers looking to purchase flipped homes is only increasing.
Take advantage of this great opportunity by calling Zinc Financial today at (888) 552-6637 to learn more about current house flipping opportunities and about our available residential rehab loans. As your rehab loan lender, Zinc Financial can provide you with a reliable loan at an affordable rate in as little as seven business days.