--- title: Mortgages and Lending News | Foreclosure description: Foreclosure | With 30 years + of Hard Money Lending experience, Jim Emerson, a Private Mortgage Investor, has turned AMI Lenders into one of the largest privately-owned Mortgage Investors Corporation --- English | [Español](https://www.amilenders.com/prestamistas-rapidos-dinero-privado-houston) Call Us: [713-682-4400](tel:713-682-4400) [![Associated_Mortgage_Investors_logo.jpg](https://www.amilenders.com/hs-fs/hubfs/Branding_New_2016/Horizontal_Logo_New.png?width=180&height=64&name=Horizontal_Logo_New.png "Associated_Mortgage_Investors_logo.jpg")](https://www.amilenders.com) # Mortgage & Commercial Lending News. #### Houston's premier blog for all things related to Commercial and Residential [Hard Money Loans](https://www.amilenders.com/specialty-hard-money-loans). ![AMI_Lenders_Txt_Only.png](https://www.amilenders.com/hs-fs/hubfs/Branding_New_2016/AMI_Lenders_Txt_Only.png?width=194&name=AMI_Lenders_Txt_Only.png "AMI_Lenders_Txt_Only.png") ## [Residential Investments: 4 Rules for Fix and Flip loans.](https://www.amilenders.com/blog-ami/4-rules-for-flipping-houses) Posted by [Caleb Bowers](https://www.amilenders.com/blog-ami/author/caleb-bowers) Aug 15, 2014 7:30:00 AM - [Tweet](https://twitter.com/share) [![](https://www.amilenders.com/hs-fs/file-479578930-jpg/Residential_Images/large_578.jpg) ](https://www.amilenders.com/blog-ami/4-rules-for-flipping-houses) What is a “flipping” a house?  A flip is a residential investment when a house is purchased in bad condition, intending to renovate and/or remodel. This is also the process called Fix and Flip Loans and is then listed for sale for a profit.   So what can be some of the challenges when purchasing a home to flip?  These types of investments have many moving parts, so savvy investors will know how to look at the deal from different angles. The purchase price can be as important as the renovation budget or the contractor you pick. The typical variables such as location come into play, along with making renovations that are comparable to what is popular in its proximity. Following are some pointers to follow when venturing into flipper territory. ### 1. Research the Prior Condition of the Subject Property It’s important to know as much as possible about the home before moving forward with the purchase of real estate investing to fix and flip loans.  Oftentimes times, flipped homes are foreclosures from banks. Bank-owned properties often sit vacant for extended periods, resulting in several possible things that can go wrong with the property. Has the home been vandalized? Copper wiring/plumbing removed? Did the pipes burst?  If there is moisture in a home, mold? These are all items that can have a considerable effect on the cost of the repairs, therefore making them key in the success of the transaction.  ### 2. Know who you’re working with [Read More](https://www.amilenders.com/blog-ami/4-rules-for-flipping-houses) Topics: [Specialty Loans](https://www.amilenders.com/blog-ami/topic/specialty-loans), [Foreclosure](https://www.amilenders.com/blog-ami/topic/foreclosure), [Tips](https://www.amilenders.com/blog-ami/topic/tips), [construction loans](https://www.amilenders.com/blog-ami/topic/construction-loans), [residential investment](https://www.amilenders.com/blog-ami/topic/residential-investment) [All posts](https://www.amilenders.com/blog-ami/all) [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fwww.amilenders.com%2Fblog-ami%2Ftopic%2Fforeclosure%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.amilenders.com%2Fblog-ami%2Ftopic%2Fforeclosure%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fwww.amilenders.com%2Fblog-ami%2Ftopic%2Fforeclosure%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fwww.amilenders.com%2Fblog-ami%2Ftopic%2Fforeclosure%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Mortgages%20and%20Lending%20News%20%7C%20Foreclosure) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Fwww.amilenders.com%2Fblog-ami%2Ftopic%2Fforeclosure%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Fwww.amilenders.com%2Fblog-ami%2Ftopic%2Fforeclosure%3Futm_medium%3Dsocial%26utm_source%3Demail) ## Our Hard Money Blog AMI Lenders' Commercial Lending blog contains helpful information to help you understand the intricacies of Commercial Hard Money Lending practices in Texas.  [![Apply Today!](https://no-cache.hubspot.com/cta/default/352755/742551d4-8c56-438e-8546-c53ef6b5db1e.png)](https://cta-redirect.hubspot.com/cta/redirect/352755/742551d4-8c56-438e-8546-c53ef6b5db1e) ### Recent Posts ### Subscribe to Email Updates ### Posts by Topic - 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