Flipping homes was once something people thought only made sense for professionals or TV entertainment. Today though, with market prices coming down and more investment assistance options, people from all different walks of life are turning to home flipping for a lucrative venture.
Fix and flip literally means buying a property to fix it up and then sell for a profit. It’s a short term investing strategy that with some planning and know-how can provide an excellent return on investment.
New research from ATTOM Data Solutions took a closer look at home flipping in 2020 and found that over 50,000 single-family homes and condos were flipped in the U.S. in the first quarter alone – the most since the second quarter of 2006.
The Home Flipping Report also found that most homes that were flipped in 2020 were purchased for around $230,000 and sold
at for a profit just above $62,000.
Getting a Fix & Flip Loan with a private lender like Sachem Capital is easy. We have a team of experienced professionals that understand your goals. We help you to get your loan within days and so you can get that property at a discount and sell for a higher profit.