Remove Closing Remove Hard money loan Remove Renovation
article thumbnail

How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

They find aesthetically challenged homes in coveted LA neighborhoods, crunch the numbers, hire interior designers to renovate them so they look good on Instagram and then list and sell them for a tidy profit. They closed nearly $40 million in volume in 2024, vibe flipping luxury homes. Sounds too good to be true, right?

article thumbnail

Portrait of a pre-foreclosure peacemaker

Housing Wire

Although completed foreclosure auctions have plateaued in 2024 at less than half of pre-pandemic levels, the number of delinquent mortgages is close to pre-pandemic levels, according to an Auction.com analysis of public record data from ATTOM Data Solutions and survey data from the Mortgage Bankers Association (MBA). There is a lot of fear.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Buy a Multifamily Property in 10 Steps

The Close

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs. Pro Tip: Overestimate your expenses.

article thumbnail

How to Start a House Flipping Business in 7 Steps

The Close

Set Up Your House Flipping Business Operations Many believe flipping houses is just about buying, renovating, and selling. The two main ways to dive into the house-flipping game are: Hard money loans : These loans offer faster approval and funding times than traditional mortgages.

article thumbnail

How to Buy a Preforeclosure Home in 9 Steps

The Close

I’ll walk you through everything from figuring out if this strategy suits you to finding listings and ultimately closing the deal on the property. Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. What Is a Preforeclosure Property?

article thumbnail

The best hard money lenders in 2025 + hard money loans explained

Housing Wire

The best hard money loans for real estate depend on your investment strategy, whether youre financing a short-term flip, a rental property or a large-scale development. Ill walk you through my top picks for the best hard money lenders in 2025 and explain how to choose the right lender for your specific needs.

article thumbnail

6 Best Fix and Flip Loans in 2025

The Close

When you need to finance a house flip, you need a loan that offers a repayment term that fits your project timeline, can close quickly, and, of course, doesnt have unrealistic eligibility requirements. This also allows it to close in as little as seven days.