Mortgage & Commercial Lending News.

As Fix and Flip investments gain popularity, they can help experienced Fix and Flippers make a substantial profit. In the past four years, the average gross flipping profit for investors has been between $60,000 and $70,000. However, if you don't do it properly, it's also possible to end up with a loss instead. As the name suggests, these properties need to be "fixed" before they are sold again. Fixing most commonly refers to repair work. It may be tempting to repair a few things in the house here and there and resell them. However, we also recommend following the advice from a professional home inspector for the highest profit. 

Fix and Flip Investment's increasing popularity in the United States.
According to Attom Data Solutions, around 5% to 7% of all homes sold were fixed and flipped in the past ten years. It means that investors do earn substantial profits by using this strategy. However, if you spend too much on repairs, you might incur a loss instead of a profit. With that in mind, we'd like to share the following advice gathered over the years from experienced Houston Hard Money Lenders.

Ever since the coronavirus broke out, stay-at-home orders were imposed everywhere, with people only allowed to step out when it was necessary. The pandemic forced many people to work from home as they couldn't leave their homes to go to work because of the risk of falling sick.

Do you get starry-eyed watching fix and flip shows?