Now is an ideal time for experienced real estate investors to make a killing in the house flipping market. But what if you’re new to the game? Is the current climate a good opportunity for new house flippers to take a chance and purchase their first investment property?
Of course, house flipping is a serious investment that shouldn’t be undertaken lightly. However, if you have the time and energy to complete the necessary research and make wise decisions about your investment properties, then right now is the perfect time to begin investing in the housing market.
One Third of All Home Sold in Less than a Month during October
There is currently a dearth of single-family homes available across the United States. Homes that are going up for sale now are selling quickly and at a premium, especially if they have been renovated. According to the National Association of Realtors, about one third of all homes that sold in October sold in less than one month. In addition, according to The Niche Report, rent is going up across the country, making it significantly more affordable to buy than to rent. With low interest rates and a slowly recovering economy, more and more prospective buyers are reentering the housing market.
All these factors combined create a perfect situation for house flippers. With fixer-uppers still selling at extremely low prices, renovations can be made in a matter of weeks or months, and properties can be resold for an ROI of anywhere from 10% to 30% and sometimes higher.
In order to take advantage of this excellent investment opportunity, you’ll need an experienced and reliable partner on your side. The team at ZINC Financial is ready to help you make sense of the current housing market and find investment opportunities that are ideally suited to your strengths and buying parameters. With a private money loan through ZINC Financial you can purchase a great fixer-upper property in as little as 7 to 10 business days and have the support that you need to make wise decisions throughout your house flipping process.
Call ZINC Financial today at (559) 326-2509 to learn more about the services that we can offer as your private money lender. If you have questions, we have answers. Talk to one of our professional and resourceful property investment experts to find out just how lucrative your house flipping endeavors can be.