Fix and Flip Loans in Kansas City
House Flipping Made So Much Easier
Flipping houses is a great short-term solution that has the potential for massive profits. In fact, the average return on investment (ROI) for flipping houses is over 40% with the highest ROI closer to 55% on houses with sale prices ranging from $100K–$200K.Securing the fix and flip funding you need to get started on your rehab project is quick and easy when you work with the professionals at Crossroads Investment Lending. Our fix and flip financing experts will walk you through all of the details, giving you clear answers on how to start flipping houses and help you navigate which loan program is right for your needs.
What are Fix and Flip Loans?
Fix and flip loans cover the purchase price and necessary renovations for residential investment properties using the properties themselves as collateral. Other items covered in fix and flip funding include contractor’s fees, listing and broker fees, and more. Short-term investors can use fix and flip loans to fix up a property and sell it for faster cash while long-term investors find these loans helpful for renovations on rental properties.
Common FAQs with Fix and Flip Funding
How long does it take to secure a fix and flip loan?
You can secure a loan within 7–10 days of the initial inquiry with our fast processing services, and we customize every quote to ensure the best deal.
Is the loan process complicated?
No, at Crossroads Investment Lending, we take a great deal of pride in our simple fix and flip lending. We also streamline the loan process by coordinating with your title company for closing and completing a full property assessment to finalize your terms.
Do I need collateral for a fix and flip loan?
No, fix and flip loans are asset-based, which means the property is the collateral for the loan.
What types of properties are eligible for fix and flip loans?
- Single-family homes
- 2–4 unit properties
Are construction or repair costs included in the loan?
Yes, the fix and flip loans provided by Crossroads Investment Lending include purchase and repair costs.
How much experience do your fix and flip lenders have?
Our experienced financing team has worked on over 1,000 properties, so you can trust that your real estate flipping project is in good hands.
Fix and Flip Loan Costs
At Crossroads Investment Lending, we understand that every dollar is important to you, which is why we offer loans for flipping houses at extremely affordable rates.
With a loan-to-value ratio (LTV) of 65%, the costs of funding for flipping are:
|Property Assessment Fee:||$450 due at time of request|
|Loan Origination Fee:||3.5–5% of the loan amount, minimum $2,500|
|Loan Processing Fees|
|Wire fees:||As applicable by bank/title company|
|Draw Inspection Fee:||$175 per inspection, held from draw advanced|
Why Choose Us?
- Family Owned & Operated
- Local Fix & Flip Finance Experience
- All Credit Scores Considered
- Close in 7-10 Business Days
- Short Term Loan for Investment Projects