The dollar volume and share of financed flips are hitting new highs. According to IRVINE Based, ATTOM Data Solutions’ U.S. Home Flipping Report, 2017 saw 207,088 U.S. single family homes and condos flipped.
Although 65 percent of flippers still used cash to buy homes flipped in 2017, Home flip lending volume is up 27 percent to a 10-year high with total dollar volume of financed home flip purchases of $16.1 billion for homes flipped in 2017.
In Southern California, Due to low available housing inventory, more investors are looking to utilize loan financing as leverage, as opposed to all-cash purchases.
We offer fix‐n‐flip financing to California builders, developers and investors for SFR, 2‐4 family units, condos, townhouses and manufactured/modular units in Los Angeles, Orange, San Diego, Riverside, and San Bernardino counties.
If you are seeking Fix-and-flip financing, you may want to read An Essential Guide to Overcome the #1 Obstacle to Success in Fix & Flip Financing.