If you are looking to do a renovation on a fix and flip house and want to make a profit, you need to know that certain renovations will get you more bang for you buck than others. Take it from the experts, hard money lenders Texas rehabbers trust!
Most real estate experts know that Texas hard money lenders are there when investors need to purchase a fix and flip property. With liberal lending practices and little emphasis on FICO scores or personal finances, it is hard money lenders Texas investors turn to to purchase investment properties.
Hard money loans are short term, asset based loans that can be used to purchase investment properties. Most commonly, they are used to buy foreclosure or auction properties at a good price that are then fixed up and sold for a profit. With years of experience in the fix and flip business, hard money lenders know what will help a property sell and what will not.
Top 3 Renovations Recommended by Hard Money Lenders, Texas
If you are looking to get the most bang for you buck, here are the top three ways to spend the cash from your hard money loan to make the most profit on your fix and flip.
1. Fix any major problems. When it comes to buyers looking for a turn key home, take it from hard money lenders Texas
experts trust for loans and more, no one wants to see work. If you buy a home and it needs a new roof, make sure to put one on. The same goes for major systems like the HVAC or water heater.
2. Paint. Pick a nice neutral paint color and it will help attract buyers. If you need ideas on color, anything from beige to grey can look great. Don’t pick anything too taste specific because, according to the hard money lenders Texas
pros turn to, you want to home to appeal to a broad base of buyers.
3. Home staging. Investing a little in staging a home can pay you back big time. Staging makes the house look like a home and helps buyers picture themselves living there.
Take it from the hard money lenders Texas flippers trust, these small improvements go a long way!
When you are ready to take the plunge and buy a fix and flip, make sure you turn to Texas hard money lenders to help you along the way. You will be glad you did!
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.