One thing I’ve noticed with fix-and-flip investors is that sometimes the biggest challenge isn’t finding a profitable deal. It’s having enough available capital to take advantage of the next opportunity.
You might have $80K or $100K tied up in a renovation, and another good deal comes along before the first property sells.
That’s where having access to additional business funding can make a difference.
Depending on qualifications, business lines of credit, 0% introductory APR business credit cards, and business loans can provide additional flexibility without having to rely entirely on cash from your current project.
I work in business funding, and I think having financing options lined up before you need them is something more investors should consider.
For those actively flipping properties, do you prefer to finish one project before starting another, or do you try to keep multiple projects going at once?