Do you remember the popular show Hosted by Tarek El Moussa and Christina Anstead, Flip or Flop on HGTV? Suppose you want to cash in quickly on great real estate opportunities in Miami, Weston, Pompano Beach, Homestead, or elsewhere in South Florida. In that case, you need fast, flexible, short-term financing for fixing and flipping properties.
Florida is an excellent hotspot for fixing and flipping old houses, mansions, or condos. A Fix and Flip loan is a type of mortgage designed to meet the needs of Fix and Flip borrowers.
The process allows you to move fast on distressed, foreclosed, discounted, or wholesale properties. This financing product uses the real estate you buy as collateral as a secured loan.
You can pay off the loan after turning the property around and selling it at a profit.