Wisconsin Fix and Flip Loans

Wisconsin Fix And Flips Seeing Large ROI

With a population boom over the last decade and record-low housing inventory in the state, Wisconsin fix and flips have seen a boost to their ROI. As recently as 2020, the average gross profit of a Wisconsin fix and flip reached $77,610. However, the window of opportunity is closing for fix and flip investors that aren’t using fast and reliable financing to remain competitive in the market. Homes are selling incredibly fast, with the average home spending only 14 days on market and typically receiving numerous bids above asking price. Average home sale prices for the state have also skyrocketed, reaching $282,900 which is a 14% increase from the previous year. These rising prices and fast moving market means investors need to work with a reliable hard money lender to ensure they aren’t pushed out of this active market.

The state is outpacing most of the country’s real estate growth metrics with higher population growth, higher property appreciation rates, and a lower unemployment rate. These are the kinds of stats that Wisconsin fix and flip investors love to see, as it means their time and money can yield a strong return. Investors will need to be proactive in the market and work with a strong network to find consistent deals, as the lack of inventory is currently the most prohibitive issue for fix and flips. As of now, the most competitive Wisconsin cities for fix and flips are Appleton, Green Bay, Madison, and Milwaukee. Asset Based Lending offers rehab loans across all of these cities and more, providing investors with the best Wisconsin fix and flip loans on the market.

Using A Hard Money Lender For Wisconsin Real Estate Investments

There’s no shortage of financing available for fix and flip investors in Wisconsin, with banks and private money lenders offering funding for this desirable asset class. Each form of financing has its pros and cons, although most professional real estate investors tend to prefer hard money loans when they’re working on fast moving fix and flip deals. For example, let’s say you’re a real estate investor looking for a bank loan for fix and flips. Banks require tons of documentation, including verified proof of income, which creates a long lending process and means investors have to provide a lot of information across their financials. Plus, banks are highly risk-averse with their lending practices and won’t work with newer investors or more intense rehab projects. Private money lenders require much less documentation and often move very quickly, however private lenders don’t have the same level of security that banks do which puts more risk onto the borrower.

Hard money lenders combine the best of both worlds, providing the security and trust of a large financial institution with the doc-light approach and fast lending process of a private money lender. Hard money loans are typically 12-month, interest-only loans that cover the majority of property acquisition and all rehab costs. These fix and flip hard money loans don’t require income verification or take months to close a deal- they close within a few weeks at most and are assessed on the viability of the property along with borrower’s credit and bank statements. Direct hard money lenders like Asset Based Lending offer fix and flip loans to real estate investors of all experience levels, providing the same five-star experience to first-time investors as seasoned professionals. With quick closings, flexible underwriting, and reliable draw turnarounds, ABL provides the best hard money loans WI has to offer.

Why Wisconsin Investors Choose Asset Based Lending Hard Money Loans

With the markets being so competitive and the barrier to entry costs increasing every day, real estate investors need fast and reliable financing to secure their property and renovation materials in a timely manner. Asset Based Lending works hard to close deals fast, as quickly as two days with the appropriate paperwork, so our borrowers never miss out on a deal and can continue stringing together profitable flips all year. We offer flexible loan sizes ranging from $75K to $3.5M with quick draw turnaround, so your renovations never experience a financial delay.

As investors ourselves, ABL understands the simple and transparent loan process that real estate investors are looking for. Whether you’re working on your first fix and flip in Milwaukee or flipping multiple homes a year in Madison, our team is ready to help. We never charge a prepayment penalty so our borrowers aren’t punished for a fast and successful flip. Contact us today to be approved as quickly as 24 hours for your Wisconsin fix and flip loan.