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Fix-and-flip loans are short-term loans for real estate investors to purchase and renovate a property before flipping it for a profit. This type of funding for flipping houses offers investors fast closings for properties in any condition. The most popular type of fix-and-flip loans are hard money loans.
Tune in to this episode to gain some insight on the lending guidelines
In this episode, Vinney and Beau interview Leka from Rehab It Homes. Leka shares how she quit her w-2 job to pursue flipping homes full-time and how her business is evolving with rentals and development projects. About Leka Leka is an active investor and author based in Seattle, WA. She has now flipped over 40 homes and has expanded her focus to include land development, additions, acquiring long term rentals both in state and out of state. In this episode we talk about the many different funding options for financing ALF (assisted-living facilities) projects. Learn how C-PACE is working well in the funding of these types of projects. Loan programs covered: HUD 232 program provides 40 year fixed rate, 75-85% LTV, non-recourse financing nationwide for the ground up construction or substantial rehab of: Board and care Memory Care Skilled Nursing Assisted Living Facilities.