REI Wealth Magazine Featuring Kaaren Hall with uDirect IRA Services | Page 42
H
ouse flipping house flipping profits at a markets are in the heart of
and income healthy gross of over Wildcat Lending’s coverage
property $60,000 per property. Or areas of Texas and
opportunities over 42% gross profit Tennessee.
still abound across America. margins. Some zip codes For those eager to flex their are still offering up triple remodeling talents and who digit returns. Among the want to enjoy outsized busiest markets for house incomes, it really all comes flippers were the Houston Whether real estate
down to finding efficient and Dallas/Fort Worth investors are focused on
money sources to get the Markets in 2018. Wildcat is rehabbing and flipping or
deals done. Wildcat Lending also moving into the remodeling buy and hold
offers just that, with a Nashville Market in 2019. rentals, executing on the
The Need for
Efficient Capital
streamlined suite of opportunitie
financing solutions for s is all about
house flippers and rental access to
property investors. efficient
leverage. It
The US Property
Market in 2019
doesn’t
matter how
many deals
While Wildcat’s Chief are out
Lending Officer Kevin there, and
Shipman says he has how much
recently seen a much demand
needed minor pricing Both of which saw 26% plus there is for the end product
correction in some markets, of all sales being flips. of a finished home or rentals
he also notes the property Dallas home values rose by without the liquidity of
market is still booming in over 15% last year, with capital. Just as importantly, it
their coverage areas. They Houston rising 7%. while has to be money that offers
currently see no need to pull Memphis’ rose a modest ease of process to get. No
back on lending, and only 6.5% according to Zillow. one wants to walk into a
see a sea of opportunities Dallas has also been bank for a mortgage again,
for smart investors. enjoying skyrocketing rents. no matter how low rates are.
While Memphis still offers It’s just a hellish, medieval
The latest numbers from investors attractive rent to process that tests your
ATTOM Data show average price ratios. Both of these sanity.
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