Investor Review: TALKING TO LENDERS
SPONSORED CONTENT Looking for Funding to Flip Your Next Property Renovation Project? HERE ARE FOUR KEY QUESTIONS TO ASK.
SHAWN YERKES
I nvestors continue to be active by market. According to a May 2024 article by Lily Katz posted on Redfin’s website (https://www.redfin.com/news/ investor-home-purchases-q1-2024), investor home purchases are on the rise, with investors accounting for roughly 44,000 home purchases in the first quarter of 2024. Considering this represents 19% of homes sold purchasers of residential homes, although the level of activity varies
in the first quarter, investors’ share of the residential home purchase market has grown significantly over the last decade. Their share was less than 10% as recently as 2010. A significant portion of these home purchases are made by investors looking to renovate the property and resell it for a profit, commonly known as a fix-and-flip project. As property investors know, selecting the right lender (like FMS Investor Financing)
for their renovation project can be critical in helping ensure on-time completion and maximum profits. Here are some key questions for property investors to consider in selecting the right lender: 1. DOES THE LENDER HAVE EXPERIENCE LENDING TO PROPERTY INVESTORS WHO WORK ON HOME RENOVATIONS? Financing provided for these investment property loans is different from more conventional residential
42 | think realty magazine :: september - october 2024
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