What Credit Score Do You Need for a Competitive Rate on a Fix and Flip Loan?

What Credit Score Do You Need for a Competitive Rate on a “Fix and Flip” Real Estate Investment Loan? The lower your credit score, the higher your rate for a “hard money”, fix and flip loan, right? Not necessarily. At MM Lending, we have been flipping houses as well as funding local, residential real estate investment loans since 2005 … …

The History of House Flipping

How does something become better known? Typically, when something ends up on TV in some way, suddenly everybody sees it, hears about it, or, at least, becomes vaguely familiar with it. Such is the case for “flipping houses.” If you had asked someone thirty years ago what a house flipper was, they probably wouldn’t know. Today, though, thanks to various …

Things You Should Look For When Flipping a House

Purchasing a home that needs some work done to it, fixing it up, and then flipping it for a profit might sound like a great idea. Nevertheless, there are many people who end up losing significant amounts of money every year by getting in over their heads while flipping homes. To avoid this, you should take the proper steps throughout …

How to Keep Contractors on the Job

Our own Mike Fallot recently had an article published on KREIA’s website! Kreia stands for the Kentuckiana Real Estate Investors Association. You can read his article below. Great job, Mike! “One of the lingering effects of the housing crisis from a decade ago is a shortage of skilled and dependable contractors. The surging housing market, fueled by low inventory, an …

The Benefits of Flipping Houses

Flipping houses is an interesting business that has been brought into the public consciousness as a result of reality TV shows focused on this niche enterprise. There are certainly benefits of flipping houses, and a couple of risks to consider. These are some of the benefits and risks involved with flipping houses. Benefits The main benefit of flipping houses, and …

Tips for Improving Your Credit Score to Secure a More Favorable Mortgage Rate

Credit scores represent a statistical analysis of a person’s credit files, telling others how likely that person is to pay their bills. In other words, how “creditworthy” are they? Do they pay their bills in full and on time… or not? Credit scores are typically obtained from major credit bureaus such as Experian, Equifax and TransUnion. When applying for a …