
Armando flipping houses has become a growing trend in San Antonio, with many investors and homeowners looking to capitalize on the city's thriving real estate market.
The city's median home price has increased by 25% in the past year, making it an attractive market for flippers. This trend is expected to continue, with many experts predicting a 10% annual growth rate for the next few years.
San Antonio's affordable housing market and low foreclosure rates make it an ideal location for house flipping. The city's strong economy and growing population also contribute to the demand for housing, driving up prices and making it easier for flippers to sell their renovated properties.
According to recent data, the average profit margin for house flippers in San Antonio is around 20%, making it a lucrative business for those who can navigate the market effectively.
San Antonio Home Flipping
San Antonio is experiencing a housing market surge, with a 16.6% year-over-year increase in median sale price to $280,000.
The average time on the market has decreased drastically, with homes selling in just over 2 weeks, under half the time in 2020. This is due to the fast-paced market, where flippers are either thriving or dying based on funding time.
To take advantage of this market, you'll need to have readily available capital for your home bid to be taken seriously. This is where hard money loans come in, allowing you to get funding in as little as 5 business days or even within 24 hours in some cases.
San Antonio: A Growing Trend
San Antonio is a city on the rise, with its housing market growing at an incredible pace. The median sale price has surged 16.6% year-over-year to $280,000.
San Antonio homes are selling in just over 2 weeks, a drastic change from the 1-2 months it used to take before the pandemic. The city is experiencing a boom in home sales, with flippers either thriving or struggling to keep up.
The housing market is moving at breakneck speeds, and flippers need to be quick on their feet to succeed. With homes selling in half the time it took in 2020, flippers need to have a solid plan in place to capitalize on this trend.
Getting the right funding in place is crucial for flippers to take advantage of the San Antonio market. With competitive rates and rapid processing time, flippers can get the funding they need to make their next move.
San Antonio Home Flipping Financing
San Antonio's housing market is moving at breakneck speeds, with homes selling in just over 2 weeks, under half the time in 2020.
To take advantage of this market, you'll need to have your capital readily available, which means getting financed quickly is crucial. In San Antonio, traditional bank loans are often too slow to get approved in time.
You have two options for financing: getting a traditional bank loan or a private lender via a hard money loan. Hard money loans from private lenders can get you funded in less than 5 business days, or even within 24 hours in a real crunch.
The benefits of hard money loans, such as faster loan processing, mean you can get your bid offer to a seller before the competition, giving you a competitive edge in the market. Traditional banks are proving unreliable in this housing market, making it harder to get approved in time.
To stay competitive, fix-and-flip entrepreneurs in San Antonio are turning to hard money loans from private lenders. With competitive rates and rapid processing time, you'll be ready to take advantage of the booming home market in San Antonio.
San Antonio Hard Money Loan
Financing your San Antonio home flip is crucial to getting your bid taken seriously. You'll need to have capital readily available.
You have two options for financing: getting financed through a bank or through a private lender via a hard money loan. Hard money loans offer fast loan processing, which is essential in the competitive San Antonio market.
Homes are being sold quickly in San Antonio, and traditional bank loans can't keep up. This is why fix-and-flip entrepreneurs are turning to hard money loans from private lenders.
Private lenders can fund your project in less than 5 business days, which is a huge advantage over traditional banks. Some private lenders, like Park Place Finance, can even fund investors in as little as 24 hours.
If you want to stay competitive in the San Antonio home market, you'll need to consider a hard money loan. Traditional banks just can't keep up with the speed and flexibility of private lenders.
With a hard money loan, you can get your bid offer to a seller before the competition. This is especially important in a market where cash offers and other investors are common.
Hard money loans from private lenders like Park Place Finance offer competitive rates and rapid processing time. This makes them an attractive option for fix-and-flip entrepreneurs looking to succeed in the San Antonio market.
Meet Montelongo
Meet Montelongo, a key player in Armando's flipping house business. He's a seasoned contractor with over 10 years of experience in renovations and repairs.
Montelongo's expertise is invaluable to Armando, who relies on him to assess the condition of each house and determine the necessary repairs. This process helps Armando make informed decisions about which properties to invest in.
Armando and Montelongo have worked together on numerous projects, and their partnership has proven to be highly effective. Montelongo's attention to detail and Armando's business acumen make them a formidable team in the world of house flipping.
Frequently Asked Questions
What is Armando Montelongo doing now?
Armando Montelongo is now a renowned real estate educator, teaching his optimized house flipping system to over 300,000 students. He also actively invests in commercial and residential real estate.
Sources
- https://parkplacefinance.com/flipping-houses-in-san-antonio-texas/
- https://www.forbes.com/sites/abrambrown/2013/06/26/meet-armando-montelongo-the-home-flipping-huckster-wholl-make-50m-this-year/
- http://www.cinesnob.net/armando-montelongo-flip-this-house/
- https://eventualmillionaire.com/millionaire-story-armando-montelongo/
- https://www.linkedin.com/pulse/see-how-armando-montelongo-changed-real-estate-house-montelongo
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