Start Your Real Estate Dream Today with a Fix and Flip Loan in Arizona
Thinking of getting into the real estate flipping game? One of the first steps is to secure financing. Here’s how to do it.
As a concept, it’s a simple process — find a home that needs a little work, fix it up, and then sell it for a profit. The truth behind flipping is a little more complicated. Finding the right deal is paramount, getting financing is key, and hiring the right contractors and workers is critical to success. Even then, you’ll need a little luck with the market’s fluctuations to make a really healthy profit. It’s hard work, but it’s a great business for people who have the work ethic and know-how to get the job done.
And, while we can’t help you hang cabinets or fix a foundation issue, we can help you get the Fix and Flip Loan in Arizona you need to help make a move in a competitive market.
Many flippers go the banks and credit unions to secure financing. This can be a great option if you’ve got a nearly perfect credit score, a bank account with a healthy balance, and a blemish-free background. However, many flippers don’t check off all of those boxes; some have had dings on their credit, some are working with little cash flow, and others have had a short sale or foreclosure in their past.
Fix and Flip Arizona Hard Money Loans
With a hard money Fix and Flip Loan in Arizona, you don’t have to have perfect credit, a robust bank account, or a history that’s unscathed. With a Arizona Hard Money Loan, you put up collateral to secure the funds. So that — and your passion for the project — is what’s most important. Arizona Hard Money Loans for flipping houses are quick, too. You can get approved in a few days and have money to close your deal in as little as a couple weeks. Keep in mind that Arizona Hard Money Loans also have higher interest rates and shorter terms than what you’ll find at the bank.
Get a Fix and Flip Loan in Arizona Today
If you think a Fix and Flip Loan in Arizona might be the perfect move for you, your next step is clear. Call or sit down with a hard money lender in Arizona like Setabay. Our people can listen to your dreams, go over your options, and help you come up with a plan for securing financing for your flip.
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