More Than 200,000 Homes Flipped in 2017

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More Than 200,000 Homes Flipped in 2017

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.

By |2018-07-18T20:47:11+00:00April 4th, 2018|Categories: Hard Money|0 Comments

About the Author:

G. David Lapin is the president and Broker of Record of HanoverMC, a private money lending and trust deed investment firm located in Orange County, California and is an author and speaker on the topic of private money lending and trust deed investing. Lapin was most recently featured in Robert Irwin’s book “Armchair Real Estate Investor” and hosted his own radio show “The Hard Money Hour”. Lapin's professional career in real estate encompasses 30 years of entrepreneurial experience in both the commercial and residential sectors, bridging property management, development, construction, investment sales and finance including residential mortgage banking and brokerage - originating, processing and closing 5,000 + purchase & refinance transactions, and the underwriting and funding of private money transactions.

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