A new investment platform called Fund That Flip is making waves by connecting qualified investors to vetted rehab projects, giving them the opportunity to invest in rehab loans on the most promising residential properties.
Fund That Flip is fairly similar to some of the real estate crowdfunding platforms Realty Biz News has covered in the past. The site lists a variety of investment options in the form of properties that need upgrading, and investors can pitch in for a minimum of just $5,000.
Company officials told Real Estate Tech News that the market for short-term residential loans is terribly inefficient in its current state, and leads to many individuals being unable to secure the financing they need to carry out their rehab projects. That’s where Fund That Flip comes in, pairing up rehabbers with private investors who’re more willing to take a chance.
Flip That Fund founder Matt Rodak explained that the platform offers investors an average annual yield of between ten and 13 percent, for loans backed by a property asset with a six to 12 month holding period. Rodak says this kind of investment combination is extremely hard to find in the investment world, as so few opportunities exist outside of the rehabbing world.
Although there are other online platforms for the real estate market, Fund That Flip is the only platform focusing on the rehab loan market for short-term residential properties.
By providing entrepreneurs access to capital, homes are being restored to their original beauty. This is what Fund That Flip is doing, along with boosting job opportunity and having a positive impact on communities throughout the U.S. For convenient, fast, and affordable capital, seasoned developers can use Fund That Flip to purchase and renovate residential real estate.
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