If you are living in or thinking about purchasing a property that could use some rehab before you flip it, you’re going to need the finances in place to complete the work. You are always working against the clock when flipping a property. Rehab money is a fast and effective way to stay ahead of the market and make a profit from the sale.
If you don’t sell when the property is a hot asset on the market, you could be missing out on thousands. Rehab money through a short-term loan will give you the finances you need to flip a property. If you strike at the right time, you will get offers that cover both what you paid for the property and the short-term rehab money you took out to cover restoration costs, leaving you with a profit.
Missed Time Frames
If you have ever found yourself in a position where you know you could purchase a home at a low cost or as-is and complete repairs, it is clear you want to explore flipping real estate. The problem isn’t that you are too ambitious; it’s likely you simply do not have the finances to complete the project. That is where rehab money comes into play.
If a lack of financial backup is the only barrier preventing you from making an easy profit, applying for short-term rehab money makes sense. Get the restoration work completed while the market in the area is still attracting buyers, and you will likely make your money back and more.
Red Door Funding
At Red Door Funding, we have been helping seasoned and first-time investors flip real estate in Austin, Texas, for many years. When you see an opportunity, access to rehab money is quick and easy. The terms and conditions are spelled out in clear English, so you know exactly what you are getting. You will have up to six months to flip the property and pay back the loan in full.
We believe unless finances are creative, novice investors will never get a foot in the door of the real estate market. It is our mission to support you by providing the right amount of rehab money for your specific project needs.
Strike while the iron is hot by applying for rehab money from Red Door Funding. We will help you achieve your dream of profiting in a market that is tough to break into, with financial support.