As with any investment, you need to know what you're getting into and be ready to do the research, but with the market looking the way it is, now is truly the best time to get in the game
Fresno, California (PRWEB) October 15, 2013
ZINC Financial, a top-tier private money lender serving the California marketplace, reports that its clients are making excellent ROI through fix & flip investment strategies. The advisors at ZINC Financial are encouraging any investor toying with the idea of flipping houses to find a way into the market as soon as possible, as home prices throughout the state are on a steady rise. Less publicized markets like Fresno are particularly ripe for new property investors interested in exploring house flipping.
With house prices on the rise around the country, house flippers are currently making an average gross profit of $18,400 per property, The Fiscal Times reports. The house flipping market is growing at an exceptional rate throughout California, and investors working with private money lending companies, such as ZINC Financial, are faring exceptionally well. In fact RealtyTrac reports that the number of homes flipped in the first half of 2013 rose 19% over the same period last year and 74% over the first half of 2011.
"You hear people throw out the word 'bubble,' but that's not what the experts say we're looking at," commented Amber Castro, Vice President of Business Development at ZINC Financial. "As the economy continues down the path of recovery and people feel more secure in their jobs, home prices are going to continue to go up as a natural part of that progression. The fact that more and more people are turning to house flipping should show that this is a solid investment. Investors are making excellent returns on the properties they're finding, and we're helping ensure that each of our clients makes wise decisions throughout the investment process."
Castro added, "As with any investment, you need to know what you're getting into and be ready to do the research, but with the market looking the way it is, now is truly the best time to get in the game."
Data on the housing market shows that home prices have risen 7.7% across the nation over the last year through as of June. NBC News reports that the West Coast has seen the highest rise in home prices, with some of the most successful markets being Los Angeles, San Francisco, and Sacramento.
However, ZINC is advising clients not to overlook the smaller markets. Markets like Fresno and Ventura offer great opportunities to investors who are looking for less competitive investment environments. Fresno was hit particularly hard by the housing crash and is just emerging from recovery mode, making the location an excellent place to look for house flipping opportunities. In a strong signal of recovery, Wathen-Castanos Hybrid Homes has returned to the Fresno area to build homes after nearly a two-year construction hiatus there. With so many foreclosed homes still on the market, Fresno offers numerous possibilities to for fix & flip, which ultimately benefits the county by bringing up the overall value of the market.
"We have a lot of clients moving forward with buy & hold strategies because rent prices are going up so dramatically throughout California. In Los Angeles, rent prices have gone up 10% in the last year alone, making now an excellent time to be renting property," Castro commented. "But many of these same investors are also pursuing fix and flip projects. Both types of investment have their benefits -- the return is much faster and usually higher with the fix and flip strategy, while buy & hold strategies provide monthly income throughout the life of the investment. So if you can invest in both strategies at the same time, you can use the monthly income from a buy-and-hold property to finance renovations on homes that you flip. With both of these strategies, there's nothing but opportunity right now in the California housing market."
About ZINC Financial
ZINC Financial, Inc. is a premier private money lender with one of the best reputations in the industry. The team of financial advisors at ZINC offers residential rehab loans to savvy investors interested in house flipping as well as Buy & Hold strategies. With in-depth knowledge of the California housing market as well as expert advice regarding ideal investment strategies, ZINC Financial is able to provide investors with the loans that they need as well as unmatched support and guidance throughout the investment process. With private money loans granted within 7 to 10 business days and approval given within 48 hours, no other lender provides the speed and level of service found at ZINC Financial. Learn more by visiting http://www.zincfinancial.net or by calling (559) 326-2509.