As Fix-and-Flip Margins Tighten, Non-QM Lenders Retool for the Hold Strategy

Renovated properties are sitting on the market longer in many parts of the country, and that alone is enough to break the math that made fix-and-flip investing work. When a rehabbed home used to sell in weeks, the model tolerated thin margins and short holding costs. When it sits for months instead, carrying costs erode […]