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Las Vegas fix and flip
A successful fix-and-flip project always begins with obtaining financing through CIVIC, but it doesn't end there. Developing a rehab plan, and sticking to it, will insure your Las Vegas project goes smoothly and stays within budget. Here are a few simple tips to assist you in preparing your renovation plan.

Focus On Rooms That Matter

It's often said that kitchens and bathrooms “sell” homes. It should come as no surprise that those areas require the most attention, and dollars, when preparing your budget. Quartz counter-tops and stainless appliances may seem like a huge expenditure, but remember that you will be saving money every day that your investment property isn't still sitting on the market waiting for a buyer. Planning which rooms to upgrade is essential before you start pulling up floorboards or tearing down walls.

Consider The Property's Potential Use

Will your Las Vegas fix and flip property ultimately be used as a rental, or as someone's primary residence? It's a great question to ask when considering what sort of upgrades you should budget for. You may want to skip installing hardwood floors in a property that will more than likely become a rental. Building a swimming pool, finishing a basement, or adding a bathroom are substantial upgrades that would appeal to a family looking to make your flip their forever home.

While you can never be certain what the property's end all use will be, the neighborhood demographics and location are good indicators. You're also safe in assuming that a property one block from a university will have a much different use case than a property located between a park and an elementary school.

Don’t Over-Design Elements Of The Home

The last thing you'll want to do is create elements in a home that are wildly different from the rest of the house. There's a really good chance that no one will care about the bamboo flooring if there are still popcorn ceilings. All kidding aside, just make sure you're planning for a balanced look and feel. Keep in mind that it's generally a good idea to improve functionality over style when allocating your renovation dollars. Choosing the energy efficient windows over the floor to ceiling limestone fireplace may even end up saving you some money.

If you're a first time investor, or a seasoned expert, we'd love to work with you on your next Las Vegas fix and flip project. Give us a call at (702) 637-2818 today to get started!

Questions? Contact Dave Rooker Today!

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© 2019 Civic Financial All Rights Reserved. Located in Redondo Beach, California, Civic Financial Services LLC is a leading private money lending provider servicing the greater Los Angeles, Dallas, Phoenix, Seattle, Portland, Denver, Miami, South Beach, Tampa, Sarasota, San Diego, San Francisco, Irvine, Las Vegas, San Jose, Riverside, San Bernardino and surrounding communities. Civic specializes in short term, non-owner occupied and investment properties financing utilizing private hard money and bridge loans.

This is not a commitment to lend. Restrictions may apply. LTV limit is based on current, accurate appraised value. Civic Financial Services, LLC reserves the right to amend rates and guidelines. All loans are made in compliance with Federal, State, and Local laws. Civic Financial Services, LLC is a California Finance Lender under NMLS 1099109 and the California Department of Business Oversight License #603L321, AZ Mortgage Broker License #092863, FL Mortgage Lender Servicer License #MLD1536, NV Mortgage License MB4419, NV Broker License #4443, NV NMLS ID #1410002, OR Mortgage Lending License #ML-5282, UT DRE Mortgage Entity License #10570639. Civic Financial Services, LLC is an equal opportunity lender. Powered by Lenderd.com - Mortgage Websites

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Contact Dave Rooker (702) 637-2818
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