NSS Lending, LLC_312-391-7875_www.NSSLen

Residential and Commercial

Fix and Flip

Starting at 7.75%

$10K to $10MM

Interest rates based on property location, FICO score,  borrower's experience and property valuation / appraisal.  

FIX 'N' FLIP LOANS

Our Number #1 Goal

Getting the CLEAR to CLOSE!

UP TO 90% OF THE PURCHSE

100% OF THE REHAB

UP TO 75% OF THE ARV (AFTER REPAIR VALUE)

EXCEPTIONS IN SOME STATES

(SEE BELOW)

FIX 'N' FLIP LOANS 

UNDER $75K

YEP, YOU READ IT RIGHT

UNDER $75k WITH NO MAXIMUM ON THE REHAB!

Minimum 600 Credit Score

Lender Points 3-4%

$2500 Processing Fee

Rate starting at 10.99%

6 Month w/Extension Available

Texas, Florida, Ohio, Indiana, Louisiana, Virginia, Georgia, Oklahoma, Colorado, Kansas, Missouri, Alabama, Tennessee, Kentucky, Arkansas, Virginia, North and South Carolina.

Fix & Flip_NSS Lending.com _ www.nsslend

100% PURCHASE

100% REHAB

THIS IS FOR the MOST QUALIFIED BORROWERS!

FULL DOC LOAN

 $75K Minimum For Purchase & Rehab

Minimum 600 Credit Score

Lender Points 3-4%

$2500 Processing Fee

Rate Starting at 9%.

6-12 Months

Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, West Virginia and Texas.

NSS Lending LLC _312-391-7875_www.NSSLen

HOW TO DETERMINE THE BEST MARKET FOR FLIPPING

Buying a House

Homeowner vs. 

Renter

Areas with more homeowners rather than renters shows families with purchasing power to invest in a home. States with low home ownership rates make the chances of flipping homes for a living less probable.

House Viewing

Number of Realtors

States with more realtors have a better chance of selling properties fast.  If only a few realtors are there, that is a clear sign of a market that is not conducive to flipping.

Overjoyed young family with little presc

 Household Income

The higher the median household income is in any given state, the higher the chances for you to sell the house.

White Grey Kitchen

Average Remodeling Costs

You don't want to overspend on remodeling especially with a low average sales price.

white-dove.jpg

High vs. Lower

Home Values

You can generate more profit  in markets where the average home price is high and equates to higher demand. 

House For Sale Sign

Average Listing & Sell Price

The best market for flipping have a reasonable ratio of average listing and average selling price.

Dollars

Median Monthly Housing Costs

Families prefer to invest where the housing costs (insurance payments, utility costs, property taxes, HOA fees and household maintenance are all common housing costs) aren't through the roof. Additionally, you as a flipper don't want high housing costs while waiting to sell the home.

Buying a House

Average Time to Sell the Home

The longer the home stays on the market the more money you lose, so the locations with quick sell time rank higher.

THE BEST CITIES TO FLIP HOMES IN THE US
(OVER 85% OF THE POPULATION ARE HOMEOWNERS)

Missouri City, Texas 

Sugar Land, Texas 

Fishers, Indiana

Bolingbrook, Illinois

Centennial, Colorado

O'Fallon, Missouri

Bowie, Maryland

Tinley Park, Illinois

Bartlett, Tennessee

Livonia, Michigan

Maple Grove, Minnesota

Estero, Florida

Mentor, Ohio

Blaine, Minnesota

Sammamish, Washington

Flower Mound, Texas

Lakeville, Minnesota

Rowlett, Texas

Orland Park, Illinois

West Valley City, Utah

Greensboro, North Carolina

Pittsburgh, Pennsylvania

New Orleans, Louisiana

Denver, Colorado

Boston, Massachusetts

San Diego, California

Memphis, Tennessee

Atlantic City, New Jersey

Virginia Beach, Virginia

Virginia Beach, Virginia

Lexington, Virginia

Chesapeake, Virginia

 

Comparison%20of%20bathroom%20in%20apartm

How Much Can You Make Flipping Houses?

According to RealtyTrac's U.S. Home Flipping Report, the amount of money you can make from flipping houses largely depends on how many houses you can flip, not in finding a single house that will net you a huge profit. One of the most consistent house flipping tips you’ll see is to search for houses where you can make a clear 10 percent to 15 percent profit on the sale after paying for repairs, realtor fees, title fees and financing. Most experienced flippers hope to make around $25,000 per flip. What they won’t do is buy into a house that will only give them a profit of $10,000, which could be eaten up if there are unexpected expenses during the repair process.

What to Watch Out For

Unexpected repairs and holding the house for too long. An experienced flipper will have a complete flip done within 90 days, freeing up their money for the next investment. If it takes longer than 90 days to get the house sold, you’re likely losing money each day. Also, you should always estimate your repair costs on the high side by adding a 15 percent to 20 percent buffer to your expected expenses.

Comparison%20of%20bathroom%20in%20apartm

Find banked owned / foreclosure 'REO' houses. Because the banks have to continue to pay insurance, taxes and maintenance on the property, they tend to be very motivated to sell their inventory even if it's at a deep discount. HUD houses, which are foreclosed homes with an FHA backed mortgages are also a source of bargain properties. HUD publishes all its houses on a website which makes it easy for investors to look for potential deals.

Maximize Your Profits With These Repairs

Buy Properties with A Lot of Equity | Be Realistic About Your Renovation Costs | Get Advice From knowledgeable Experienced Flippers  

Kitchen Rehab_Fix & Flip Financing_NSS L

Kitchen & Baths

Renovate them from top to bottom. Use recently sold properties with highest value to determine materials you'll want to use.

Switching Roofs

Roof

A roof can be a very big expense, so you'll want to make sure you factor the cost of replacing it in to your budget if the roof is in need of repair or replacing.

NSS Lending, LLC _ (312) 391-7875_www.NS

Landscaping

Good landscape design can add up to 20 percent to your home’s value, so it’s no surprise that poor exterior choices can have the opposite effect. Make sure to balance your landscape for year round curbside appeal.

Standing Air Conditioner

HVAC

Make sure the home has a working heating and cooling system. Air conditioning is a must in areas with warm climates like Florida and Texas, but regardless of where the home is, A/C is always a selling factor.

Hardwood Floor

Flooring

Use laminate hardwood flooring in the primary living spaces and carpet in the bedrooms. It's difficult to tell apart from real hard wood; it's durable, scratch resistant and less expensive.

Garage Construction

Garage

Other than to spruce it up with a fresh coat of paint, don't do much more as it won't add value to the property.

Painting the Wall

Painting

Cool and neutral wall colors are a big hit with buyers overall. Light blue bathrooms and taupe-colored living rooms were especially popular in homes that sold for more money. Meanwhile, homes with dark red- or brown-colored walls sold for as much less than expected. More on colors that sell

Home Deck

Patio / Outdoor Space

Create a warm inviting setting with any outdoor space---a place where you would relax with a glass of wine. Comfortable seating, side tables and planters will do the trick!