With the rise of HGTV and the spread of interest in investing came modern home-flipping, in which investors purchase and flip houses for profit. It’s a great source of extra income and is a reasonable feat for anyone, especially with the help of fix and flip loans in Arizona. The benefits of flipping homes are tenfold, ranging from your income to your personal skills. On the fence about becoming a flipper? Here are the three main reasons why you should:
1. Profit Profit is likely the most appealing benefit for many investors. Buying a house for less than it’s worth and then increasing its value allows you to make back more money than you put in when you sell. Depending on the neighborhood, the house, and the renovations, you could make a pretty penny flipping homes. The average profit from a single flip in the United States is almost $30,000, but some state averages are far higher. California’s average gross profit for a flip is $99,000. Flipping one or two homes a year could add a lot to your salary if you’re flipping in the right states.
2. Knowledge If you’re new to the real estate game, flipping a home can give you a wealth of knowledge about the industry, which can be helpful if you decide to continue flipping in the future. You’ll be enlightened about the real estate market, including the processes of buying and selling. Plus, you’ll get to see what contemporary buyers are searching for, allowing you to be better prepared for your next flip.
3. Skills There’s a lot that goes into flipping a home, and you’ll learn all about it if you dive into a flipping project. Design and construction come together in homes and you’ll be there to see it all. Even if you’re not doing the work yourself, you’ll be part of the process and be able to see how a home can transform from bland to beautiful.
Despite the benefits of house-flipping, there comes one major con: the cost. It can be expensive to not only purchase a property but rehab it to match contemporary design standards. If you’re looking for funds to get your flipping business started, there are loans just for flipping that are available to help.
Arizona Hard Money Lenders like Level 4 Funding can give you the fix and flip loans in Arizona you’re looking for. Level 4 Funding has reasonable loan rates and a fast approval process which can get your loan faster than banks. Start flipping sooner by choosing a hard money lender for your fix and flip loans in Arizona.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.