Gary Myers, VP of Cogo Capital, talks about fix-and-flip loans as an example of hard money loans. Watch to learn more.
Fix and Flipping
“Fix and flipping” is the term we use when people want to buy a property, fix it up, and put it on the market and make large profits. These are usually single-family homes that are in disrepair, boarded-up, or are unappealing and in need of some renovation. These remain our biggest transactions when lending to investors.
Some people out there today want to buy-and-hold rentals for monthly supplemental income. Others, want to buy and hold for short-term rentals. These are also examples of hard money loans.
It’s all about the Deal
Money is attracted to good deals and that is what you need to get for a hard money loan—a great deal. Finding a great deal makes the investment of your time and money worth while.
Take Your Shot
If you’re interested in learning more about fix and flip loans for beginners, we can help! Our team of loan analysts are ready and waiting to partner with you in this exciting journey. We know that investing is both thrilling and scary at the same time. Successful real estate entrepreneurs know they need the following to be successful:
- Risk tolerance;
- A strong desire for success; and
- Reliable partnerships;
Give Cogo Capital a call at (800) 473-6051 with your questions or start our easy loan application process today. Your success is waiting!
Gary Myers is the Vice President of Cogo Capital. As a passionate educator on real estate investing and private money lending, Gary has helped thousands of investors realize their dreams of investing in real estate. An avid investor himself, Gary teaches students how to utilize private money to broker private money loans and fund purchase and rehab projects.