Learn To Be A Fix and Flip Investor: How to Pick Your First Home to Flip

Sunday, December 23, 2018

How to Pick Your First Home to Flip

Home flipping is an excellent source of income, whether it be full-time or just supplementary. Before you get started, it’s good to know what to look for when shopping for a home to flip and Loans to Flip Houses in Arizona

Every house is different. Each comes with advantages and disadvantages, strengths and weaknesses. Experienced home flippers know the ins and outs of homes and can spot a good deal from a mile away. As you’re looking for a house to flip, there are important elements to keep in mind to find a property that can be flipped as painlessly as possible.

Prime location

You can flip the house, but you can’t move it. Investing in real estate in a great location can be very profitable for you. Experienced property owners advise to look for the house in a great neighborhood, as it may be sold below its true value. As for cities, in 2018 the top three U.S. cities to own rental properties were Orlando, St. Petersburg, and Tampa. Another location tip is to invest in homes near colleges in preparation for students on the search for nearby off-campus housing.

Good foundation

Colors, tiles, walls, and rugs you can change for a low price. On the other hand, the building blocks of a house are harder and more expensive to alter. Look for homes that have structurally-sound foundations and minimal internal mechanism repairs. Working plumbing and electric will mean fewer expenses for you when you start flipping.

Fair price

Look for homes with solid building blocks that you can buy for less than their market value. After you’ve done your repairs, you want to be able to sell it for as much as you can to get the best possible return. If you buy the home for market value or above, flipping it might not be worth your time for the money you’ll get.

How to Finance Investment Homes

Properties are expensive, even the ones that need flipping, and it can be hard to save enough money. With more people flipping properties came the existence of the fix and flip loan. You can now get Loans to Flip Houses in Arizona from Arizona Hard Money Lenders near you. These loans can give you exactly what you need to not only purchase the house, but renovate it, as well. This can be extremely helpful if you have a good investment plan but need the funds.

Arizona Hard Money Loans like Loans to Flip Houses in Arizona are excellent options for financing. They can come at good rates and one of their main advantages over banks is their speed. Bank loans application and approval processes can take a long time, but Arizona Hard Money Lenders can have you approved in no time.

Consider Level 4 Funding for Loans to Flip Houses in Arizona.

Level 4 Funding is an excellent hard money lender that has already funded over $40,000,000. Could you be next? Visit their website or give them a call to learn about their options for Loans to Flip Houses in Arizona.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.