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Hard Money Lender Massachusetts
Hard Money Lender Massachusetts Benefits:
* Up To 90% Of Purchase, 100% Of Rehab
* Close As Fast As 5 Days!
* Fix and Flip Loans Massachusetts
* Fix To Rent Loan
* Multifamily Loans MA
* Commercial, Investment Real Estate Loans
* Hard Money Loans … Fast Close!
#1 Hard Money Lender Massachusetts
Hard Money Lender Massachusetts
Loans Custom Built for Real Estate Investors
Whether you buy and hold, fix and flip, or build to rent, cambridgehomeloan.com has the capital for your investment needs
The nations #1 Lender for Fix and Flip Loans and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.
Loan Types Massachusetts
*Up To 80% LTV
* Cash Out Refinance
* 15-30 Day Close!
* No Income Required
* No Employment Required
FIX TO RENT
*Up to 90% of the Purchase
*100% of the Rehab.
* Closing as fast as 5 days!
* Fix to Flip or Fix to Refi .
* 30 or 40year DSCR loan
CASH OUT REFI
* Cash-out & Refinance
*30 or 40 year loan..
* Closing 30 days!
* Up To 80% LTV
*Ground Up Construction
Up To 80% Of Land
* 100% of Construction
* Builders and Developers!
Approval in 24 Hours
Close in as little as 3 days
No Appraisal Required
Tax Returns Not Needed
No Minimum Credit Req.
In House Capital
30+ Years of Experience
Direct Private Lender
Fix and Flip Loan Massachusetts
Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
DOCUMENTS REQUIRED TO CLOSE
Hard Money Loans Are Approved And Funded Quickly
No Income or Employment Required
Funding For Projects That Cannot Be Financed Elsewhere
100% Of Rehab Dollars Provided
Fast Close! As Fast As 5 Days!
Fix and Flip Loans, Fix To Rent
Commercial, Investment & Multifamily Value Add
Hard money loans are generally short-term loans, lasting from 1,2 or three years. You use them as a quick way to get money for a purchase. However, you wouldn’t want to keep one of these loans for an extended period because interest rates for hard money are typically relatively high.
Best places in Massachusetts for Fix and Flip Investing
Great opportunities for flipping homes can be found all over Massachusetts, here are a few of the best cities to flip a house based on home values and growth.
Flipping Houses in Northampton MA.
The city of Northampton Massachusetts is great for flippers, , with its $478,000 plus average home value — thats up a whopping 15.0% year over year. The average house sat on the market for 21 days and although a small city growing by over 30% year over year.
New Bedford Massachusetts
The home of Ford remains a great place to invest. Coldwell Banker in 2023 the median hom price in New Bedford Massachusetts was $389,900, The population currently at $101,000+
Plymouth Massachusetts information for house flippers in Massachusetts, with a median house value of over $550,000 — up over 10% with a modest population of $65,000+
Fall River Massachusetts
Ford also recommends Fall River as a favorable location for flipping houses. The median home value is currently $377,000 up 4.6% from December 2021. Also promising for home flippers is Fall River’s population, which is growing at a rate of 0.54% annually and currently sitting at just under 100,000
Winchester Massachusetts Fix and Flip
Close to the downtown area of Boston and named the best town to live in Massachusetts, Winchester offers a lot for families and employment. A great place to flip properties with a growing population and workforce.
South Yarmouth has a median home price of $552,657, which is up an attractive 10.7% from December 2021. The cozy population of 12,000 is growing at a comfortable rate of 0.52% annually, making this a city worth looking at for flipping houses in Massachusetts. This area is also serviced by commuter rail from Boston, which Ford says helps increase home value.
Prices in the Cambridge Mass area are known to be high but that doesn’t seem to deter investors in the area. The city houses some of the most prestigious educational institutions in the world and young professionals are everywhere, making it a dependable market for real estate investors.
How To Flip A House in Massachusetts
Create your network and evaluate your skills
Develop a network of professionals to help you flip. Even if you’re handy around the house, evaluate your skills honestly. For some projects, particularly electrical and plumbing, you’ll need an expert. For any additions you will need a local, dependable contractor.
If you are flipping a house and have not pulled permits properly you can be fined and a sale may be stopped until an inspection can be done and fines paid.
Put together a network of licensed professionals before you start looking for houses. You’ll more than likely need a real estate agent to help you find a home and they are a great resource to help you find the local resources you will need to help you on your jouney.
Develop your Flip budget
Most fix and flip loans only allow for a 75% ARV that is that the after repair value, arv of the house will have at least 25% equity after the purchase and rehab are completed. Prepare your budget for repairs honestly and leave 10-15% for reserves in the event of cost overruns. If you are taking out walls or floors you never know what will pop up.
Fix and Flip Budget Items
- Down payment and closing costs
- Home inspection fee
- Mortgage payments (The faster you complete your flip, the less this will cost), property taxes, and insurance fees for every month you’ll own the property
- Contractor fees
- Permit fees
- Utilities while you own.
- Marketing fees, such as a staging and professional photographer.
- Real estate agent fees to sell the property.
It is important not to over improve your investment. Focus on area comps and see what is selling in the area you are investing in. I would even suggest going to any area open houses to see what is selling in the neighborhood. Paint, Flooring, Landscaping and staging can add a lot to the price of a home . for more information contact www.CambridgeHomeLoan.com. A Hard money lender Massachusetts for over 25 years, we can help guide you with your 1st or 21st investment property. To get started with your fix and flip loan massachusetts or your hard money loan.
About Massachusetts Investments
One of the top 10 states to fix and flip houses today!
Discover why thousands of Massachusetts real estate investors rely on CambridgeHomeLoan.com to finance their deals. Quick-close, hassle free hard money for fix and flips or new construction projects.
Contact Us Today.
One of the best places to invest in Flip houses and commercial real estate
CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
CambridgeHomeLoan.com From ground up construction, spec houses to fix and flip and fix to rent home loans. When you want to get your price and close in just a few days to easy rehab draws that can help you get your project done on time and in budget.
Give us a call today with your project outline and we can give you the possibilities.
#1 In Hard Money Lender Massachusetts
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