Home Flipping Investors Make a Comeback

Investors have resurfaced in home flipping, seeking out markets to find homes in need of a facelift in order to earn a profit. At one point, the practice was considered a factor in contributing to the housing crisis, but it has since become a welcome sign as some city officials view it as a means of solving the affordability crunch.

States such as Florida still have a significant amount of foreclosed properties. Flippers are taking the reins, stepping in to renovate these properties while simultaneously assisting with the fight against neighborhood blight. In several cases, these homes sell at prices considerably lower than the rest of the market, potentially filling the affordable housing shortage.

Today’s flippers are drastically different than those from years ago. Today, there is significantly more work involved in turning a profit. With a hard money loan, investors are in a great position to find lucrative property and use them to make a profit, while avoiding a lot of the red tape that’s typically involved when applying for a traditional mortgage. Florida has one of the highest overall rates of flipping, which means there are lots of investment and profit opportunities available.

This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. We have over three decades of experience specializing in private money real estate loans and we pride ourselves on providing our esteemed clients a service that’s personalized while delivering low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at https://mmprivatelending.com to fill out an application form.

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