Flipping houses is a sought-after investment preference for many people looking into investing. There is good money to be made there if you know what you are doing. How does one get started if you do not have your own money yet?
A conventional mortgage was designed to be in place for the long-term to help buyers purchase a long-term residence. As such, they are not as useful for a short-term investment like house-flipping. As investing in real estate through the fix and flip method became more and more popular, a new loan mtype was created to be the bridge between the property’s purchase and renovation costs and the buyer’s capital.CONTINUE READING