Fix & Flip Loans in Baltimore, MD
As one of the most dynamic cities on the East Coast, Baltimore is known for its diverse neighborhoods and vibrant culture. Of course, these aren’t the only reasons behind its growing popularity and climbing population rates; the city also offers excellent educational and job opportunities and has a well-established healthcare system, guaranteeing excellent living standards.
But the question is, should you be investing in Baltimore?
As the city’s top hard money lenders, we think it might be one of the best decisions you’ll make for your real estate investment portfolio. The city’s robust real estate market offers a wide range of opportunities for both residential and commercial property investors.
Check out our loan programs, and get started!
Get in Touch
Find The Best Fix and Flip Loans for Your Property Flip in Baltimore, MD
Many seasoned real estate investors choose to invest in property flips in Baltimore, and for good reason. Many residents here own their homes and have the purchasing power to buy renovated and well-designed homes.
With over 30 years of experience, Insula Capital Group is here to assist you with what might be a new venture for you. We offer fix and flip loans in Baltimore designed to make property flips easier and more profitable.
Our fix and flip financing programs cover everything from the initial property purchase to the rehab costs—we’re here to make things easier from start to finish!
Check out our just-funded projects for a boost of inspiration, and let’s get started!
Why Are Fix and Flip Loans a Great Choice
Fix and flip loans are a great choice for real estate investors because they give you quick access to capital that’s also specifically custom-planned for purchasing and renovating properties with the intention of selling them for a profit.
These loans usually have much more flexible terms and allow investors to secure financing without the stringent requirements that come with traditional mortgages. Additionally, the loans often cover not only the purchase price but also renovation costs, making them a perfect choice for properties in need of significant repairs or upgrades.
It’s also worth noting that fix and flip loans are designed to be short-term, and this helps investors complete their projects efficiently so that they can move on to the next investment opportunity while maximizing their returns in a relatively short period.
Baltimore Real Estate Insights Worth Keeping An Eye On
- Population:610,000
- Median Household Income:$69,349
- Unemployment Rate:9%
Market Activity:
- Homes for Sale:2,075
- New Listings:583
- Average Home Price:$348,667
- Median Home Value:$200,000
- Median Sale Price:$200,000
- 1-Year Appreciation Rate:-2.5%
- Median Rent Price:$1,475 (1-bedroom apartment)
- Price-To-Rent Ratio:1 (1-bedroom apartment)
- Median Days On Market:35
- Homes Sold Above List Price:30%
- Foreclosure Rate:4%
- Median Property Tax:54%
Market Outlook:
- Projected Growth of the Real Estate Market:Stable to slightly positive, with potential for growth in specific neighborhoods.
- Average ROI for Hard Money Loans:Varies depending on project and neighborhood, but generally between 8-12%.
Best Neighborhoods to Invest In:
- Up-and-coming:Charles Village, Canton, Hampden, Station North, Reservoir Hill
- Established: Roland Park, Federal Hill, Mount Vernon, Fells Point, Bolton Hill
Baltimore’s House Flipping Statistics
610,000
Population
2,075
Homes for Sale
$200,000
Median Sale Price
-2.5%
1-Year Appreciation Rate
30%
Homes Sold Above List Price
2.54%
Median Property Tax:
Just Funded Projects
June 2022
Fix & Flip
- Weiser, ID
Purchase Price
170,000
Renovation Budget
59,000
Loan Amount
207,000
After Repair Value
309,000
July 2022
Fix & Flip
- Washington, DC
Purchase Price
255,000
Renovation Budget
80,000
Loan Amount
296,750
After Repair Value
450,000
December 2021
Fix & Flip
- Centerreach, NY
Purchase Price
340,000
Renovation Budget
46,050
Loan Amount
321,300
After Repair Value
459,000
November 2021
Fix & Flip
- Hartford, CT
Purchase Price
149,000
Renovation Budget
70,000
Loan Amount
196,650
After Repair Value
290,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
130,000
Renovation Budget
105,300
Loan Amount
209,300
After Repair Value
335,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
62,000
Renovation Budget
60,000
Loan Amount
106,500
After Repair Value
176,000
November 2021
Fix & Flip
- North Babylon, NY
Purchase Price
310,000
Renovation Budget
32,750
Loan Amount
311,750
After Repair Value
495,000
November 2021
Fix & Flip
- East Hampton, NY
Purchase Price
1,250,000
Renovation Budget
577,465
Loan Amount
1,577,465
After Repair Value
2,487,500
November 2021
Fix & Flip
- Jersey City, NJ
Purchase Price
525,000
Renovation Budget
240,650
Loan Amount
848,800
After Repair Value
831,000
What we offer
All Loan Services
Fix And Flip Loans
Fix And Flip Loans
Ground Up Construction
Ground Up Construction
Rental Property Loans
Rental Property Loans
Commercial Property Loans
Commercial Property Loans
Thousands of Clients Trust Our Company
As seen on:
Why Invest In Baltimore?
According to our real estate experts, Baltimore is a great place for fix and flip projects, and there are a number of reasons that explain why. First off, Baltimore should be attractive to investors because of its amazing purchase prices. Compared to most other cities in the state, Baltimore is very affordable, especially if you’re looking for run-down properties in need of some serious renovations. Their low cost opens opportunities for higher ROIs in the future.
Moreover, Baltimore has a very strong rental market, thanks to the young professionals and students moving into town. So, in case of the worst-case scenario in which your property doesn’t sell post-renovation, you can always rent it out for a while.
It’s also worth noting that many Baltimore neighborhoods are currently undergoing revitalization. This can help increase property values and attract more buyers to the property you’re flipping in one of these areas.
And, of course, one reason why we recommend Baltimore to our clients is because of the easy access to resources. From suppliers to contractors, there is an entire workforce waiting to help you with your fix and flip—you just need to say the word, and they can make it happen!
Ready to apply for a fix & flip loan?
Frequently Asked Questions
Fix and flip loans typically cover a wide range of renovation expenses essential for revitalizing properties. These expenses commonly include costs associated with structural repairs, such as foundation or roof repairs, as well as cosmetic upgrades like kitchen and bathroom renovations, flooring replacements, and painting.
Additionally, fix and flip loans may also cover expenses for necessary permits, inspections, and contractor fees. These loans are essentially designed to cover all aspects of the renovation process, ensuring that investors have the necessary funds to transform distressed properties into lucrative assets within the Baltimore real estate market.
The portion of the property purchase price covered by a fix and flip loan varies depending on factors such as the lender’s terms, the borrower’s financial situation, and the property’s condition. Typically, our fix and flip loans may cover up to 85% of the purchase price, including acquisition costs like closing fees and sometimes even a portion of the renovation costs.
However, the exact percentage may differ based on individual circumstances. It’s essential to consult with our team to determine the specific loan-to-value (LTV) ratio and financing options available for your fix and flip project.
The answer to this question varies between states; we lend directly and through broker relationships. In Maryland, we lend directly to our clients. Our direct and streamlined process in Maryland allows borrowers to work directly with our experienced team, ensuring clear communication, efficient transactions, and personalized lending solutions tailored to your needs.
By eliminating intermediaries, we provide direct access to financing options, enabling faster approvals and funding.
Connect With the Team At Insula Capital Group!
Are you ready to apply for your fix and flip loan in Baltimore, or do you need more information before you proceed? Get in touch with our team of experts at Insula Capital Group. We offer a wide range of loan programs for you to choose from, and our team is ready to guide you through every step of the application process.
Connect with us today to start a successful real estate investment experience!
