If you’re someone who has been flipping houses for a while, you’ve probably gotten your process down to a science. You know exactly what to look for in rehab properties, you have multiple systems in place for finding and securing the best properties before other investors, you’re pre-qualified for rehab loans, and you have a trusted crew who helps you get renovations done under budget and ahead of schedule.
If that sounds like you, our new GT Fix & Flip loan is the perfect choice to complement your process.
Our latest loan is designed for flippers with solid experience and fast turnaround times. Whether you’re seeking $50,000 for a simple flip or up to $2,000,000 for a high-end flip, a GT Fix & Flip loan can help you achieve your goals and improve your ROI. Here are three main reasons to consider these fix and flip loans:
- Better Terms for Fast Flippers
If you’re routinely flipping houses in 60 days or less, the GT Fix & Flip loan will reward your expertise with a rate as low as 6.99% for the first two months. A rate that low can substantially boost your ROI while giving you the buying power to invest in multiple rehab properties at once.
- Flexibility
If you’re not as experienced as other investors, you could still qualify for a rate of 7.99% for the first two months. Both loan options go up to 11.99% for the next seven months, making for an overall term of nine months with one possible three-month extension. That means that you’ll still have a good amount of time to get things in order if your flip doesn’t go according to plan. You can also feel confident that you’re getting the best deal, because you won’t be working through a broker – we underwrite all of our own house flipping loans.
- Speed
When you’re ready to move on a flip, we’re ready to move with you. With pre-approval from ZINC, you can make a cash offer on a house and have all your funding in hand within one week. Also, with the GT Fix & Flip loan, rehab cost financing is available up to 100%.
The GT Fix & Flip loan is currently only available to investors in California. To learn more, call (559) 326-2509 or send us an email at office@zinc.net.
