Fix and Flip Loans in Houston, TX

Houston House Flipping Made Easy with a Hard Money Loan

Whether you’re an experienced “flipper” or a first-time real estate investor, you’ll find house flipping is easy when you have the support of Catalyst Funding. Our fix and flip loans are designed to help investors purchase a distressed property, provide funds to make repairs and improvements, and flip it for a profit.

In addition to our financial products, Catalyst’s experienced loan officers and support team provide one on one consultations and guidance help you succeed. We’re not just lenders but investors, too. We know the ins and outs of this industry because we’ve been in your shoes. Together, we’ll develop a plan of action that will help you avoid mistakes, improve returns, and accelerate your income.

Review our competitive rates and terms here. Have a property you need to close on fast? We can help! Start the process by getting pre-approved, and we’ll quickly be in touch. Good deals are not always easy to find. Get pre-approved today with a pre-approval that lasts for 6 months, so you can move quickly and not miss out when that perfect deal is found!

What are Fix and Flip Loans?

Fix and flip loans are a type of hard money loan used by real estate investors to purchase a property in distress, fund necessary renovations, and resell it for a profit. It allows the investor to close on a property fast without needing to jump through the hoops required by traditional lenders such as banks. Additionally, the best deals are usually in need of repair and most lenders will only lend on properties in pristine condition. Loan terms are short, typically only 6 months to 1 year in duration.

Types of House-Flipping Loans

There are many ways for smart real estate investors to leverage the power of hard money loans for flipping houses. They can be used to purchase a distressed property, repair it, and quickly sell it; or, if no repairs are needed, the money is used to quickly purchase and resell the property. A fix and flip loan may also provide funds to repair a property the investor already owns, which is then sold for a profit.

These are the three most common types of house flipping loans used by investors:

  1. Fix and flip. (Purchase, repair, and quickly sell the property.)
  2. Purchase, no repairs, and sell. (Quickly purchase and resell the property.)
  3. Refinance, rehab, and resell. (Acquire funds to repair a property already owned. Quickly resell.)

Hard Money Loans for Real Estate Rehab

Hard money loans for real estate rehab allow you to quickly purchase distressed real estate, finance the repairs, and get the property back on the market much faster than any other type of property loan or mortgage.

Hard money loans are typically used in house-flipping rehab projects but can also be used to repairing and reselling commercial or multi-family properties. The funds are used to secure damaged or distressed real estate properties, finance necessary renovations, and quickly resell them at a profit. Therefore, this type of real estate financing is also commonly referred to as house-flipping or fix and flip loans.

Handyman Special Financing

If you’re looking for handyman special financing, then chances are you’re in the market for a hard money loan with loan terms built on the appraised “subject to repairs value” or after repair value (ARV). ARV represents the estimated or appraised value of a distressed property after the proposed repairs are complete. Hard money lenders typically lend 65-75% of the calculated after repair value. In order to determine this value, a ‘Subject to Repairs’ appraisal is required. The term, after repair value loans, is simply another way of saying hard money loans for distressed real estate which are based on the after repairs value.

Fix and flip handyman special loans are typically short-term, asset-based loans most often secured by distressed or damaged real estate properties. They are typically issued by private investors or companies, are interest-only, and are not regulated like conventional mortgages, bank lenders, or credit unions.

Hard Money Loans without Repairs

Another way in which smart real estate investors leverage hard money house-flipping loans is simply on the speed of the transaction.

The fact that these hard money loans can close in as little as 7-14 days can often be the difference that motivates the seller to select a buyer’s offer or, alternatively, may be the only lending solution to be able to close in time (such as when a foreclosure is pending). The speed of a fix and flip loan often helps negotiate better terms or a lower sales price.

These factors often allow the savvy property investor the ability to buy and flip a property at a much lower price, generating a considerable ROI (return on investment) in a very short amount of time.

Real Estate Rehab Loans for Owned Property

This scenario provides a fast investment to repair a distressed property that you already own. As is the case with the other types of hard money loans, speed is of the essence. A fix and flip loan provides fast and easy access to a wide range of resources and the cash needed to get the property repaired and back on the market at a much higher price than current value.

Get Pre-Approved for a Hard Money Fix & Flip Loan Today

Catalyst Funding is here to help you accelerate your next real estate investment with a fix and flip loan. Call our experienced loan advisors today to find out if a Catalyst Funding hard money loan – or any other of our wide offering of products – is a good fit for your next investment. We look forward to getting to know more about your personal investment goals and real estate projects. Call us today at 832-699-6960, complete the contact us form,or complete our pre-approval form to get started.