The Premier Lender for Fix and Flip Loans in South Carolina
Flipping houses in South Carolina can be a path to excellent profits – provided you have the funds to jumpstart your project. Lima One Capital is well-equipped to help you achieve your portfolio goals.
With our experienced team members and customizable loan offerings, we can assist you in buying and flipping properties throughout the Palmetto State. Contact us today to get started or learn more about our South Carolina fix and flip loans.
Why Lima One for Fix and Flips in South Carolina?
Finding, fixing, and flipping a property to put back on the market and earn a profit is oftentimes difficult, especially if you don’t have financing from a partner you trust. We’re the premier private lenders in South Carolina when it comes to fix and flip loans for several key reasons such as:
Capital You Can Count On
Thanks to backing from MFA Financial, our clients never need to worry about not having access to investment funds when they need them the most. MFA Financial is a publicly traded investment trust, enabling us to connect investors with cash for fix and flip projects quickly.
Approved Based on Investors
Other firms miss out on stellar opportunities and deny investors capital because of factors that investors can’t control. We’re different. At Lima One, our team looks at factors like individual experiences, credit score, and total available liquidity when determining loan approval. If you see potential for a South Carolina fix and flip project, come to us for a discussion.
A Knowledgeable Team
The team at Lima One Capital is second to none, offering a vertically integrated experience complete with market analysis. Our loan officers are experts at determining the best South Carolina fix and flip loans for your needs. You can trust us for support throughout the fix and flip lending process.
South Carolina Fix and Flip Loan Case Studies
When you partner with an investor for your fix and flip projects throughout South Carolina, you want an institution with experience. Lima One’s team has assisted with fix and flip and rental investment projects throughout the country, including this state. Take a look at these fix and flip case studies for examples of the work we do with our clients.
FixNFlip Case Study
Charleston, SC
FixNFlip Case Study
Greer, SC
Relevant Market Insights for South Carolina Fix and Flip Loans
Investing in a dynamic housing market like South Carolina’s is best done with plenty of actionable intelligence. Our fix and flip lenders in South Carolina work hard to gather and update relevant market insights for fix and flippers like yourself. Keep reading to see how the South Carolina market has been evolving over the last few years.
Higher Value, Fewer Sales
Like the US housing market overall, South Carolina’s market is partly defined by rising home prices, which reflect the high average value of real estate. For example, home prices in South Carolina have risen by 3.6% between June 2023 and 2024.
That said, the overall number of homes sold has declined by 10.4% year-over-year within the same time frame. In addition, the median days on market for single family home sales has increased to 60 days; six more compared to June 2023.
For investors, this likely means that – while the South Carolina housing market is still very healthy – there’s enough inventory to browse that prospective buyers are willing to shop around and wait a little while before settling on the perfect purchase. Fix and flip investors should accordingly be willing to make their properties very attractive before putting them on the market if they want to sell them quickly.
Lower Rental Vacancies from Booming Job Markets
In conjunction with the above shifts, South Carolina’s rental market vacancies have declined since 2020. In fact, 2020 saw the vacancy rate for apartments rise to 9.8%, but that declined to 8.8% by 2023. This indicates that available apartments are being rented rapidly.
That trend is likely affected by strong job growth, particularly in areas like Charleston. In large metro regions throughout South Carolina, job growth is especially strong and seems to have fully recovered from the pandemic. For example, the US Department of Housing and Urban Development indicates that from April 2022 to 2023, payrolls increased or remained the same in 11 non-farm job sectors. Job gains were led by the professional and business services and leisure and hospitality sectors.
Putting all this together, it’s clear that people are moving to South Carolina in droves, potentially leading to opportunities for agile investors. By flipping houses in South Carolina, you could quickly purchase the quality real estate new residents are looking for.
Excellent Opportunities for Good Deals
Additional data shows that, despite average home prices increasing relative to 2023, most home sales are completed with offers under the listing price. Data from May of 2024 indicates that a whopping 60.1% of sales were completed beneath the listing price, meaning sellers part with their properties for less than what they initially wanted.
That’s good news for fix and flip investors in the short term; it means you may be able to snag fantastic properties for affordable prices if you can spring on good deals quickly. Find the right financing partner, and you’ll have the financial flexibility you need to grab the best properties to fix and flip for a profit, especially if you have time to wait for a willing buyer or for market prices to swing back in the direction of sellers.
Get South Carolina Fix and Flip Loans Today
When you need a fix and flip lender in South Carolina, look no further. Lima One Capital is the best choice for your next investment project. Contact one of our loan officers today!