At that margin, ATTOM notes, the cost of renovations, property taxes, mortgage interest and other expenses which in total consume 20% to 33% of the resale value could easily cancel out any return on investment for the flipper.Keith Lind, CEO of Acra Lending, which launched a fix and flip lending program last year, said there are a lot of compounding issues now facing investors in the space.
#people #back #years #opportunity #opportunities #participants #north-carolina #transactions #interest-rates #early-march
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