Maryland Offers Highly Profitable Fix And Flips
Maryland is often an unsung hero of fix and flip investors thanks to its low unemployment rate and growing average home prices. According to CNBC, it ranked as the 6th best state for making a profit flipping houses in 2018. With an average time to flip of only 198 days and a high average ROI of nearly 110%, the state has become a highly profitable choice for fix and flips. The potential profit margin for Maryland fix and flips continues to expand, as the state’s real estate market in 2019 experienced a one-year growth of 4.2%.
With the different cities having drastically different median home values, the barrier to entry only depends on the amount of starting capital an investor has. Even new time investors can find the right deal with the right guidance, and Asset Based Lending is here to help. ABL is proud to provide the most reliable fix and flip loans Maryland has to offer. Contact us today and be approved as fast as 24 hours.
Choosing Hard Money Loans For Fix And Flips
There’s many loan options available for investors looking to fix and flip houses, but choosing the right loan makes a difference in closing a deal or missing out. Some investors prefer the security and stability of borrowing from a bank but being approved for a conventional mortgage tends to be a tedious process with restrictive criteria. Other investors prefer the more relaxed natured of private money loans, but private money lenders don’t offer the same stability that financial institutions do and may pull back if problems arise.
Most investors agree that hard money loans are the optimal loan type for fix and flip projects. Reputable hard money lenders combine the loan security of a financial institution with the flexible criteria and draw schedule of a private money lender. Asset Based Lending provides the most reliable hard money fix and flip loans in Maryland. With our fast closing speed and quick funding, our borrowers are able to secure deals in competitive real estate markets. If you’re ready to be approved for a Maryland hard money loan, contact ABL today.
Why Asset Based Lending Is The Best Maryland Hard Money Lender
With so many repeat borrowers and over a decade of success, Asset Based Lending continues to be the most investor-friendly lender in the state. Our team closes deals fast and tailors each loan to meet your specific project, but we do our best to ensure each loan includes the following:
- Preapproval within 24 hours of initial submission
- Closing within 10 days on average
- Flexible loans sizes from $75K to $2.5M
- No prepayment penalties
- Funds delivered three days from draw request
- Direct access to the decision-maker
Whether you’re new to fix and flips or an experienced investor, ABL is ready to show you why we provide the most reliable MD fix and flip loans.