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Now available for a limited time: Groundfloor’s 2024 Stock Offering!

What Are Fix & Flip Loans?

Fix and Flip loans are short-term financing options designed specifically for investors looking to purchase distressed properties, repair them, and then resell them for a profit. Fix and flip loans can be beneficial for investors who want to quickly buy and sell properties with minimal upfront capital or access to credit. Benefits of fix and flip loans with Groundfloor:
  • Roll points into closing cost
  • No payments until the loan repays
  • Origination points and fees financed into loan

Understanding
 Fix & Flip Loans

House flipping requires a lot of hard work, expertise, and patience. But when you know how to do it, flipping houses can be an easy way for investors to profit from short-term gains These loans typically require only a downpayment — but not at Groundfloor. Our real estate professional investors can access their capital quickly and easily. These types of loans also offer greater flexibility than traditional mortgages because they don’t have to be paid off within 30 years. Instead, borrowers have no payments until the loan repays and won’t be subject to penalties for late payments.

The Groundfloor
 Difference

  • No minimum transactions experience required
  • Five year lookback for experience
  • Minimum property value of $50,000
  • Minimum credit score of 640​
  • 12 and 18 month terms
  • No hard credit pulls
  • Rates start at 10.5% and roll points into closing cost
  • True deferred payments — no payments until repay
  • Up to 70% loan-to-after repair value

Ready To Get Started?

Simply fill out the form below. If you have any questions, please feel free to reach out, and one of our real estate experts will happily assist however they can.
Is house flipping worth it?
House flipping can be a profitable investment strategy when done correctly. In a strong housing market where demand for properties is high and prices are rising, it can be relatively easy to find a property at a discounted price, renovate it, and sell it for a profit. Additionally, with the right renovation strategy, it’s possible to increase the property’s value significantly, allowing the investor to earn a substantial return on their investment.
How can I find a home to flip?

There are several ways to find houses to flip, including:

 

  • Real estate agents: One of the most common ways to find houses to flip is through real estate agents. Agents have access to a large inventory of properties, including distressed properties that may be suitable for flipping.
  • Online listings: Online real estate platforms, such as Zillow, Redfin, and Realtor.com, can be a great resource for finding potential flip properties. You can search for properties in specific areas and filter by price, condition, and other criteria.
  • Foreclosure auctions: Foreclosure auctions can be a good source of potential flip properties, as they often offer properties at discounted prices. However, it’s important to do thorough research beforehand and have a clear understanding of the risks involved.
  • Direct mail campaigns: Some investors use direct mail campaigns to target homeowners who may be interested in selling their properties. This can involve sending letters or postcards to homeowners in specific neighborhoods or areas.
  • Networking: Networking with other real estate professionals, such as contractors, property managers, and other investors, can also be a great way to find potential flip properties. Attend local real estate investor meetings or join online investor groups to connect with others in the industry.

 

When searching for potential flip properties, it’s important to do your due diligence and thoroughly research each property before making an offer. This can include conducting a property inspection, evaluating the local market, and estimating renovation costs to determine if the property is a good investment.

What experience is needed for flipping a house?

Flipping a house can be a complex and challenging process and having some relevant experience can be helpful in ensuring a successful project. Here are some skills and experience that can be useful for flipping houses:

 

  • Real estate knowledge: A solid understanding of the local real estate market, including current trends and property values, helps borrowers identify potential flip properties and set realistic expectations for the project’s profitability.
  • Construction and renovation experience: Flipping a house often involves significant renovations, so having experience with construction or renovation work can also be beneficial. This includes knowledge of building codes, design, and construction techniques.
  • Project management skills: Flipping a house requires coordinating various contractors and vendors, managing budgets, and staying on schedule. Strong project management skills helps the project run smoothly and stay on track.
  • Financial management: Flipping a house requires managing budgets, estimating costs, and securing financing. With some financial management experience, borrowers can better ensure the project is profitable. 
  • Marketing and sales experience: Once the project is complete, it’s important to effectively market and sell the property to potential buyers. Experience in marketing and sales better ensures that investors present the property in the best possible light and sold quickly for the desired price.

Pre-Application Form

Once you complete this pre-application form, we’ll reach out to begin your project journey with Groundfloor.

Check Out Our Podcast

We chat with expert leaders to hear more about how real estate entrepreneurs and investors can make a real impact in this dynamic industry.

We’re excited to introduce you to the dynamic partnership between Groundfloor Finance and RicherValues. These two companies have teamed up to bring you innovative solutions in the field of real estate investing and financial planning. As real estate professionals, we understand the importance of understanding the value of a property before making an investment and how it can impact the potential return on investment.

© 2024 Groundfloor. All rights reserved.

A copy of these materials may also be obtained for free on the SEC’s website at www.sec.gov.

* 10% returns based on previous 8 years of historical returns and current available investments, ranging from 4% – 14%, barring any losses.
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PLEASE SEE OUR OFFERING SUBSCRIPTION AGREEMENT BELOW:


OFFERINGS FOR SECURITIES UNDER REGULATION A ON THIS WEBSITE ARE CURRENTLY OPEN TO ALL US RESIDENTS WHERE THE ISSUER HAS FILED STATE NOTICE.
The information on this website does not constitute an offer to sell the limited recourse obligations (or “LROs”) identified herein in any state or jurisdiction in which the issuer is not qualified to do so. Securities are offered and sold under Regulation A of the Securities Act of 1933 (“Regulation A”) only to investors who are residents of the states in which Groundfloor Finance Inc. (“Groundfloor ”), or one of its affiliates has either qualified an offering statement under Tier 1 of Regulation A or made notice of its intent to offer and sell securities under Tier 2 of Regulation A. Groundfloor, or its affiliates, may also offer securities to accredited investors. Investors who believe they qualify as accredited investors may access additional information about these offerings here .
The information on this website does not constitute an offer to sell the limited recourse obligations (or “LROs”) identified herein in any state or jurisdiction in which the issuer is not qualified to do so. Securities are offered and sold under Regulation A of the Securities Act of 1933 (“Regulation A”) only to investors who are residents of the states in which Groundfloor Finance Inc. (“Groundfloor”), or one of its affiliates has either qualified an offering statement under Tier 1 of Regulation A or made notice of its intent to offer and sell securities under Tier 2 of Regulation A. Groundfloor, or its affiliates, may also offer securities to accredited investors. Investors who believe they qualify as accredited investors may access additional information about these offerings here . Groundfloor or one of its affiliates has filed offering circulars and post-qualification amendments (or “PQAs”) (including supplements to such filings) with the Securities and Exchange Commission (the “SEC”) covering the current offering of LROs. An investment in LROs entails risk of loss, and you may lose all or part of your investment. Each investor should carefully consider the risk factors and other information discussed in the qualified offering circulars/PQAs (and current supplements, if any) before purchasing LROs. Some statements in the offering circulars/PQAs and on this website may contain forward-looking statements and are based upon current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties. Although Groundfloor believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. You should consult with your own attorneys, accountants, and other professional advisors prior to making an investment. The information on this website does not constitute an offer to sell or a solicitation of interest in any LROs that may be qualified in the future. No money or other consideration is being solicited with respect to any LROs that have not been duly qualified, and if sent in response, will not be accepted. No offer to buy any LROs that have not been duly qualified can be accepted and no part of the purchase price can be received until an offering circular/PQA covering such LROs has been qualified by the SEC. Any such offer to buy unqualified LROs may be withdrawn or revoked, without obligation of any kind, at any time before notice of its acceptance is given after the date of qualification. An indication of interest in our offerings involves no obligation or commitment of any kind. The information contained in the Offering Circular and offering materials presents a general summary of the business and the purpose and principal business terms of an investment in LROs. This summary does not purport to be complete and is qualified in its entirety by reference to the more detailed discussion contained in the offering circulars/PQAs. Articles or information from third-party sources outside of this domain may discuss Groundfloor (or its affiliates) or relate to information contained herein, but Groundfloor and its affiliates do not approve and are not responsible for such content. Hyperlinks to third-party sites, or reproduction of third-party content, do not constitute an approval or endorsement by Groundfloor or any of its affiliates of the linked or reproduced content. Neither the SEC nor any state securities commission or regulatory authority approved, disapproved, endorsed, or recommended the merits of the offering described in the offering circulars/PQAs or reflected on this website. Groundfloor’s services do not constitute “crowdfunding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).