fix and flip loans in maryland

Fix and Flip Loans Maryland

There are a number of private lenders to choose from when you want to get a loan for a fix and flip property in Maryland. Every company has strengths and weaknesses that make them good fit for some people, but not others. It’s challenging to find the right lender who offers features you needs, like fixed rates or short terms, while still meeting your other monetary needs for down payments. That’s why Venus Capital is the best private lender for fix and flip loans in Maryland and let’s show you why:


The Best Lenders For Fix N Flip Loans in Maryland Are Private

fix and flip loans maryland
fix and flip loans Maryland

Banks are problematic if your loan falls under the fix and flip real estate market. Individuals looking for a private loan should start their search here, as many banks have low approval rates that exclude people who would be eligible to apply at other private lending options. One major benefit of a private institution is the flexibility in criteria for obtaining funds and a relatively level playing field because we can take slightly higher risk clients.

Why Venus Capital – Fastest Private Lender

Private loan providers make their own criteria for selecting good candidates, including credit scores, debt to income ratio, and more. They can also accept a much wider applicant pool while approving them at very similar rates as banks. Private fix and flip lenders are also able to customize repayment terms with affordable monthly or bi-weekly amounts that are more manageable for a wide group of real estate investors here in Maryland.

Another excellent benefit of choosing a private lender over a bank for fix and flip loans is the human aspect. Personal credit history can paint an incomplete picture about someone’s financial status, but everyone has their own story that might be less black and white than it appears. That’s why talking with a real human at Venus Capital can help. Your financial history may have nothing to do with poor money management or income levels at this stage of your career. And you might have other assets to be considered when being lent money.

Private lenders will listen to your situation, assess your financial situation on a more personal level, and be more invested in your success since they don’t solely rely on software and denial programs like banks. People at Venus Capital are eager to make loans work for their clients, so we are more flexible on terms and payment options.


Venus Capital Make It Easy For Flipping Loans In Maryland

First, Venus Capital offers an incredibly fast turnaround on getting the hard money funds after the loan agreement is signed by all parties. Since residential properties can sell very quickly (especially in a hot market), speed is a huge benefit when jumping on exciting properties that are under market value to maximize your profits. Venus Capital will pay out the agreed-upon loan amount within 10 business days to ensure you never miss out on a property. Quick closings are a staple of Venus Capital’s private loans and their commitment to customer service.

fix and flip loans baltimore marylandYou’ll always get reliable service that you can count on with Venus Capital. Their team is top of the line for customer satisfaction, and available any time for any matter you need to discuss. If you have a question about your application, repayment terms, or general questions about borrowing, a service rep will be available almost 24-7 to answer your questions.

Our application process here at Venus Capital is intuitive and designed to be easy to understand even by brand new investors We want you knowing exactly what stage you’re at and what will happen next so there’s no confusion. Venus Capital is careful to limit the amount of paperwork required to prevent any applicants from having to endure the usual rigmarole of long wait times from traditional lenders. Venus Capital has built their reputation on offering smooth, professional loan services, and you won’t find better than their industry-leading customer service.

Flexible Solution Designed for you

Venus Capital also accepts a wide variety of clients thanks to their greater flexibility with credit scores. Though they do prefer applicants with a credit score above 630, they are always wiling to consider lower scores since they understand the nature of credit scores and have the ability to base their acceptance on other factors. Even a lower credit score could get you access to the same large sums of hard money as other investors. All you need to do is have a consultation with someone from Venus Capital to discuss your financial history and secure your eligibility.

Another key feature that residential flippers can take advantage of is Venus Capital’s high capital loans. Large multi-family  properties can be extremely pricey, especially if you’re looking at properties in major cities. It can be difficult to find a lender with enough capital to loan out millions of dollars at once for a real estate investment, but Venus Capital has you covered. Loan amounts reach as high as 3 million, and Venus Capital will also work with you if you need more hard money for your purchase.


Why Go Private When Choosing Maryland Fix And Flip Loans?

Banks are notoriously rigid when it comes to residential real estate investments. They come with high interest rates and strict repayment plans that most investors don’t even get the chance to experience because submitting an application for a bank loan is already so difficult. The main reason that banks are harder to borrow from is that they have a laundry list of regulations and rules they must comply with from a federal and state level.

fix and flip loans frederick marylandThese federal and state regulations control how much a bank can lend to individuals or businesses. They also control what the terms of the loan agreements will look like, and what types of properties they can cover. Plus they limit what financing options they can offer based on credit scores and riskiness of the client. Banks are ruled by agencies such as Urban Development and the Department of Housing, so employees at these banks have absolutely no wiggle room when establishing your qualifications for a hard money or bridge loan.

Applicants are required to meet very strict requirements in order to be approved for a lending option. For example, those wishing to borrow must apply through an online portal that does not account for individual circumstances. The approval process is very restrictive and only offers one opportunity per year, so it’s unlikely you’ll be approved if you don’t qualify or make it work the first time around. You’ll likely need another year or two to build up the proper credit.

Another reason that banks just aren’t up to the task of financing your fix and flip loans is that they rely solely on aspects like financial history and credit scores for approval. Self-employed individuals struggle to produce regimented financial histories and reliable income year-after-year. Anyone with flexible earnings will have a harder time being accepted by a bank since their software will deem self-employed people as high of a risk for large sums of hard money.


Why Flip Real Estate In Maryland

Maryland succumbed to the recession the same as every other state, but since then it has been steadily developing a thriving economy with a reliable year-over-year population growth that develops demand for new homes. Opportunities for fix and flip investors is high in Maryland since the pandemic as well, with high foreclosure rates giving flippers an excellent pool to choose from, all at below market value. It is currently one of the hottest flip markets nationwide with several hundred (if not thousand) flips in the last 12 months. The interest rates have also been a huge factor in this hot market of 2020 and 2021.

If you’re looking to get into the game of fix and flip in Maryland, the best places to get started include Baltimore, Frederick, Glen Burnie, Germantown, and Gaithersburg. For best results flipping homes in Maryland, choosing the neglected or foreclosed-on mid-range homes in good areas prove to be the most profitable option. Just always watch out for water damaged homes as those can have underlying issues that could destroy your profits. The rate of appreciation is fantastic in Maryland when you look at the year-over-year growth, so your ROI is virtually guaranteed when you purchase below the market average. Flippers will have a great experience conducting their fix and flips in Maryland.


The Residential Real Estate Market In Maryland

As of June 2021, the Maryland real estate market has seen a 6.2% uptake in average home prices compared to June of 2020. Home values across Maryland reached a median of $350,000, which is the highest it’s been since 2000. Homeowners state-wide are taking great advantage of historically low interest rates regardless of the low inventory of homes on the market. Homes are selling quickly and the market is bouncing back from one of the toughest years we’ve had in quite a while.

Due to the historically low interest rates engineered by the Covid-19 pandemic, the blue crab state is experiencing a seller’s market – making it incredibly easy for flippers to buy low and sell high and quickly. There is a projected home price growth of about 8% over the next year, so now is the perfect time to buy homes below market rate to flip for easy profits. The drastic increase in prices in the last year means that the market will soon begin its turn towards slower buy rates as the market becomes more saturated with sellers wanting to take advantage of these higher home prices – this is good news for buyers in the coming months since the market will take on a more balanced state with active sales and quick buys.

The pandemic has caused higher-than-average foreclosure rates in Maryland, creating the perfect market for fix and flip investors.


How do you get a fix n flip loan in Maryland?

Maryland does not require a license to flip homes, but for loan purposes an applicant should have documentation of self-employment (LLC) or can get it done soon and ideally have done few flips or purchases in last three years. Liquidity for 20% down payment and 10% of rehab budget ready on hand. You can use a private loan from Venus for a variety of applications with real estate and house flipping:

  • Purchase/ Rehab
  • Buy to Rent
  • Buy and Hold 30 yrs (no rehab)
  • Portfolio Rental Loans (500k to 20mn)
  • Cash out refinance get 80%
  • Bridge Loans with rehab

Other areas Venus serves with fix ‘n flip lending is Charlotte, and Ohio. You can check out our flipping calculator here to see more info or you can apply here for fix and flip loans.


Make an appointment with our helpful advisers to find the right loan product that meets your business needs and see rental portfolio loan rates

(614) 392 4111


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