Tag: House Flipping

Crowdfunding: Internet-based platforms provide opportunities to request funding from a pool of investors. These people all contribute a small portion, which minimizes their risk. The interest rates can be exceedingly high in some cases.
HELOC: House flippers can borrow against the equity in their home to invest in a house flipping project. A Home Equity Line of Credit does not necessarily set parameters on how the money is used.
Private Firms: Some companies lend money through non-traditional channels as a type of business transaction. They may charge higher interest than some banks. The added expense can be factored into the resale expenses.

© 2024 MIAMI Association of REALTORS® (MAOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's in the MIAMI Association of REALTORS® cooperative agreement: Broward, Palm Beaches & St. Lucie REALTORS® and the Miami Association of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Information is deemed reliable but not guaranteed. Data last updated: 09/19/2024 06:25 PM