Real estate has consistently been one of Americans’ favorite ways to invest. According to one Bankrate study, Americans consider real estate the best way to invest money long term – better than stocks or gold. This is only becoming more true as home prices continue to increase as unprecedented rates and homeowners gain more and more equity.
Buying a rental property is one of the most popular forms of real estate investment. For those who want to be their own boss, owning a property gives them that opportunity by realizing income through renting or selling the property for more than they purchased it. There are also numerous tax laws that benefit owners of property.
However, it’s no secret that buying any kind of real estate is expensive. Many investors who are just getting started with investing are looking to save money by acquiring distressed properties they can purchase, fix up, and rent or sell (or “flip”). These properties require additional capital for construction and renovations, which can be hard to secure while trying to simultaneously obtain a mortgage and come up with a down payment.
Save On Your Investment with NEO Home Loans’ “Fix & Flip” Program
NEO Home Loans’ “Fix & Flip” program aims to solve that problem for you. With options to borrow up to 100% of the construction cost and the ability to qualify with lower-than-average credit scores, this program is the perfect solution for those looking to begin their real estate investment career and capitalize on the blistering housing market we’re in today.
This program is specifically designed for investors who are looking to simultaneously acquire a new property and fund the renovation of that property at the same time, saving time and money.
Whether you are a seasoned investor or are looking to buy your first property, NEO Home Loans’ “Fix & Flip” program is the perfect solution for you.
If you would like to learn more about the benefits of this program or would like to start the application process, fill out the form below to request a consultation with a NEO mortgage advisor.