**Last updated:** April 15, 2024

 

There are many options when it comes to getting a fix and flip loan for your next 1 to 4 unit residential project. Whether your exit strategy is a flip (sale), or to rent and refinance into a DSCR loan, we are here to help you. 

 

OfferMarket has rebranded our fix and flip loan program in order to focus on serving rental property investors. We now call this our "Fix and Rent" loan program: a bundle of Fix and Flip loan + DSCR loan that provides industry-leading terms and discounts for Illinois rental property investors that buy, rehab, rent and refinance (BRRR) with OfferMarket. Get an [instant quote and pre-approval](https://www.offermarket.us/loans?ref=blog-fix-and-flip-loans-illinois).

 

1 to 4 unit residential properties in Illinois and Chicago are a great fit for fix and flip loans, which is otherwise referred to as "hard money" or "private money" or "bridge loan". If you have a distressed property you'd like to purchase and rehab, we have the capital and expertise to help you every step of the way.

 

We are currently advising our clients in Illinois to exercise caution when entering into new fix and flip loans. Use conservative estimates for ARV, protect your credit score. Fix and flip investors with an exit strategy to sell (flip), are strongly encouraged to underwrite for a rent and refinance exit strategy in case a sale is not a profitable or viable option.

 

Grow your real estate business with fast, reliable, competitively priced capital. Proudly serving real estate investors throughout Illinois and Chicagoland.

 

## Fix and Flip Loans Chicago

 

If you're buying distressed properties in Chicago, we can fund up to 100% of the purchase price and 100% of the rehab. Plan your next project confidently -- common sense underwriting and deal structuring to help you achieve your goal and manage risk.

 

## Illinois Fix and Flip Loan Program

 

Built for real estate investors who demand a better borrowing experience.

 

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
 <tr>
 <th>Fix and Flip</th>
 <th>Guidelines</th>
 </tr>
</thead>
<tbody>
 <tr>
 <td>Interest rate</td>
 <td><a href="https://www.offermarket.us/loans" target="_blank" rel="noopener noreferrer">Get quote</a></td>
 </tr>
 <tr>
 <td>Time to fund</td>
 <td>10 - 20 days</td>
 </tr>
 <tr>
 <td>Max loan to purchase price</td>
 <td>100%</td>
 </tr>
 <tr>
 <td>Max loan to rehab</td>
 <td>100%</td>
 </tr>
 <tr>
 <td>Max loan to ARV</td>
 <td>70%</td>
 </tr>
 <tr>
 <td>Term</td>
 <td>12 - 18 months</td>
 </tr>
 <tr>
 <td>Property type</td>
 <td>1 - 4 units, non-rural</td>
 </tr>
 <tr>
 <td>Minimum loan amount</td>
 <td>$50,000</td>
 </tr>
 <tr>
 <td>Minimum ARV</td>
 <td>$100,000</td>
 </tr>
 <tr>
 <td>Origination Fee</td>
 <td>2 points</td>
 </tr>
 <tr>
 <td>Interest type</td>
 <td><a href="https://www.offermarket.us/real-estate-glossary/dutch-interest" target="_blank" rel="noopener noreferrer">Full Boat or As Disbursed</a></td>
 </tr>
 <tr>
 <td>Draw type</td>
 <td><a href="https://www.offermarket.us/real-estate-glossary/what-is-advanced-draws-fix-flip-loans" target="_blank" rel="noopener noreferrer">Advanced or Reimbursed, Inspector-less</a></td>
 </tr>
 <tr>
 <td>Underwriting fee</td>
 <td>$495</td>
 </tr>
 <tr>
 <td>Legal/doc prep fee</td>
 <td>$500 - $995</td>
 </tr>
 <tr>
 <td>Prepayment Penalty</td>
 <td>No</td>
 </tr>
 <tr>
 <td>Appraisal required</td>
 <td>Yes</td>
 </tr>
</tbody>
</table>
</div>

 

## Related Illinois Resources

 

- [DSCR Loans Illinois](https://www.offermarket.us/blog/dscr-loans-illinois)
- [Landlord Insurance Illinois](https://www.offermarket.us/blog/landlord-insurance-illinois)

Fix and Flip Loans Illinois is your go-to resource to help you get the best possible terms for your next fix and flip loan.

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Fix and Flip Loans in Illinois - Real Estate Financing

Fix and Flip Loans Illinois

## How much will you save when you sell your house without an agent?

 

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When you sell your house with OfferMarket, you avoid incredibly inefficient transaction fees.

 

| Comparison | OfferMarket | Traditional Brokerage |
|:-----------------:|:------------:|:---------------------:|
| Commission | 0% | 5 - 6% |
| Concessions | 0% (AS IS) | 0 - 2% |
| Repairs | $0 (AS IS) | 0 - 5% |
| Showings | 1 | 10 |
| Closing Timeframe | 30 - 45 days | 60 days |
| Closing Costs | 0 - 2% | 1 - 3% |

 

 

## Sell your house without paying any commissions or fees using [OfferMarket](https://offermarket.us/sell)

Use OfferMarket's Seller Savings Calculator to see how much you can save by selling your house without a real estate agent.

Seller Savings Calculator - OfferMarket

Seller Savings Calculator

<img load="lazy" src="https://upload.wikimedia.org/wikipedia/commons/a/a3/Flag_of_Anne_Arundel_County%2C_Maryland.svg" alt="Anne Arundel country Maryland flag">

 

Below you will find a list of top rated property management companies Anne Arundel county. Identifying the top property management firm in Anne Arundel county will take research. Make sure to talk to company representatives, interview them with the questions we provide below and read reviews. This process is paramount in identifying the best firm that will address all of your landlord needs and justify their monthly fees while keeping your tenants happy. 

 

## Bay Property Management Group
<img load="lazy" src="https://cdn-ckdap.nitrocdn.com/ibkjcADpOVHAMmMGABlekNLKmOeXxucL/assets/static/optimized/rev-d66339c/wp-content/uploads/2020/02/BMG_LogoX300.jpg" alt="Bay Property Management Group logo">

 
Description: Bay Property Management Group is a full-service rental property management company, handling residential and multi-family properties throughout. A competitive monthly management fee, which can vary drastically. We have some owners who pay 3% and other owners who pay 10%. The monthly management fee depends on the number of units you have with Bay Property Management Group, the location of the property, and the expected rental amount on a monthly basis. Typically our management fee falls between 5-8%. We charge one month’s rent to lease a vacant unit. This fee is only charged once the tenant moves into the property. We do NOT charge this fee upfront. Our lease renewal fee ranges from $100-$299, depending on the state and jurisdiction. We do not charge for any of the following. We do not charge supervisory fees for routine maintenance. We do not charge you management fees while your property is vacant. We do not have any start-up fees. We do not have any termination fees 
 

Website: [https://www.baymgmtgroup.com/property-management-anne-arundel-county/](https://www.baymgmtgroup.com/property-management-anne-arundel-county/) 

Phone: (240) 224-8220 

Google Rating: [4.8](https://www.google.com/search?q=Bay+Property+Management+Group+Anne+Arundel+County&ludocid=18205238826763446506&gsas=1&lsig=AB86z5UomJTb-Irxkob4jBC2P_N8&sa=X&ved=2ahUKEwjkzo3g_oH0AhVCl3IEHQLTBpkQoAJ6BAgLEAM&biw=1794&bih=820&dpr=2#lrd=0x89b7fd27545beaad:0xfca60041e86268ea,1,,,) 

 Google Reviews: [70](https://www.google.com/search?q=Bay+Property+Management+Group+Anne+Arundel+County&ludocid=18205238826763446506&gsas=1&lsig=AB86z5UomJTb-Irxkob4jBC2P_N8&sa=X&ved=2ahUKEwjkzo3g_oH0AhVCl3IEHQLTBpkQoAJ6BAgLEAM&biw=1794&bih=820&dpr=2#lrd=0x89b7fd27545beaad:0xfca60041e86268ea,1,,,) 

Property Management Monthly Fee: [3%-10%](https://www.baymgmtgroup.com/property-management-services/fees-and-rates/) 

Leasing fee: [1 month's rent](https://www.baymgmtgroup.com/property-management-services/fees-and-rates/) 

Lease renewal fee: [$299](https://www.baymgmtgroup.com/property-management-services/fees-and-rates/) 

 

## Tidewater Properties
<img load="lazy" src="https://227orp11amrz3iqyeb2a3lhr-wpengine.netdna-ssl.com/wp-content/uploads/2017/05/logo.png" alt="Tidewater Properties logo">

 
Description: Go ahead and add Tidewater to your speed dial now because we’re the only call you’ll have to make. Not only can you rely on our in-house management and administrative team, but you also have direct access to our network of scrupulously screened vendors, technicians, and associates. After so many years in property management in Anne Arundel County, we have learned to expect and plan for the unexpected. 

Website: [https://www.tidewaterproperty.com/anne-arundel-county-md/](https://www.tidewaterproperty.com/anne-arundel-county-md/) 

Phone: (443) 548-0191 

Google Rating: [3.4](https://www.google.com/search?q=Tidewater+Property+Management,+Inc.&ludocid=6548673081252915105&gsas=1&lsig=AB86z5WQ16EkSbcp3DSs9Fq5D6Xo&sa=X&ved=2ahUKEwi6xpKYh4L0AhWvV98KHfl0AsAQoAJ6BAgMEAM&biw=1794&bih=820&dpr=2#lrd=0x89c816f8eb072bd5:0x5ae18f78963e27a1,1,,,) 

Google Reviews: [281](https://www.google.com/search?q=Tidewater+Property+Management,+Inc.&ludocid=6548673081252915105&gsas=1&lsig=AB86z5WQ16EkSbcp3DSs9Fq5D6Xo&sa=X&ved=2ahUKEwi6xpKYh4L0AhWvV98KHfl0AsAQoAJ6BAgMEAM&biw=1794&bih=820&dpr=2#lrd=0x89c816f8eb072bd5:0x5ae18f78963e27a1,1,,,)

Property Management Monthly Fee: [Request to find out](https://www.tidewaterproperty.com/applicationsandrequests) 

Leasing fee: [Request to find out](https://www.tidewaterproperty.com/applicationsandrequests) 

Lease renewal fee: [Request to find out](https://www.tidewaterproperty.com/applicationsandrequests) 

 

## Chesapeake Property Management
<img load="lazy" src="https://www.chesapeakepropmgmt.com/images/logo.png" alt="Chesapeake Property Management logo">

 
Description: Chesapeake Property Management, Inc. is exclusively dedicated to managing residential real estate in the Baltimore - Washington corridor. With offices in Baltimore, Maryland, Owings Mills, Maryland and Odenton, Maryland, we are 100 percent focused on reducing your risk, marketing your property, securing qualified tenants and maximizing your rental income. 

Website:[https://www.chesapeakepropmgmt.com/Annapolis-property-management](https://www.chesapeakepropmgmt.com/Annapolis-property-management) 

Phone: (240) 297-1970 

Google Ratings: [4.9](https://www.google.com/search?q=Chesapeake+Property+Management&ludocid=14599271093929510390&gsas=1&lsig=AB86z5XD7zmB2wZ5f6vCqAIArGvT&sa=X&ved=2ahUKEwjc5L_t6oT0AhWdrHIEHZN9DkUQoAJ6BAgMEAM&biw=1794&bih=820&dpr=2#lrd=0x89b7e5af4a378c1b:0xca9b07b5ad4c05f6,1,,,) 

 Google Reviews: [83](https://www.google.com/search?q=Chesapeake+Property+Management&ludocid=14599271093929510390&gsas=1&lsig=AB86z5XD7zmB2wZ5f6vCqAIArGvT&sa=X&ved=2ahUKEwjc5L_t6oT0AhWdrHIEHZN9DkUQoAJ6BAgMEAM&biw=1794&bih=820&dpr=2#lrd=0x89b7e5af4a378c1b:0xca9b07b5ad4c05f6,1,,,) 

Property Management Monthly Fee: [Request to find out](https://www.chesapeakepropmgmt.com/Annapolis-property-management) 

Leasing fee: [Request to find out](https://www.chesapeakepropmgmt.com/Annapolis-property-management) 

Lease renewal fee: [Request to find out](https://www.chesapeakepropmgmt.com/Annapolis-property-management) 

 

## McKenna & Vane Property Management
<img load="lazy" src="https://mckennavanepm.com/user/assets/v2-Mkenna-Vane-Logo-Black-01.png" alt="McKenna & Vane Property Management logo">

 
Description: We are experts in managing rentals and have provided property management services in many different Maryland countries and property types. Over the years, our property management services have helped landlords in Columbia, Anne Arundel County, Carroll County, Eldersburg and Sykesville, Ellicott City, Frederick, Gaithersburg, Hanover, Howard County, Montgomery County and Mount Airy. 

Website: [https://mckennavanepm.com/anne-arundel-property-management/](https://mckennavanepm.com/anne-arundel-property-management/) 

Phone: (301) 703-8606 

Google Ratings: [4.8](https://www.google.com/search?q=5850+Waterloo+Road+Ste+140+Columbia%2C+MD+21045+410-381-3331&oq=5850+Waterloo+Road+Ste+140+Columbia%2C+MD+21045+410-381-3331&aqs=chrome..69i57.143j0j1&sourceid=chrome&ie=UTF-8#lrd=0x89b7e082a3e33059:0xe1571b7dcc333fea,1,,,) 

Google Reviews: [133](https://www.google.com/search?q=5850+Waterloo+Road+Ste+140+Columbia%2C+MD+21045+410-381-3331&oq=5850+Waterloo+Road+Ste+140+Columbia%2C+MD+21045+410-381-3331&aqs=chrome..69i57.143j0j1&sourceid=chrome&ie=UTF-8#lrd=0x89b7e082a3e33059:0xe1571b7dcc333fea,1,,,) 

Property Management Monthly Fee: [Ranges from 8.3%-11.2%](https://mckennavanepm.com/pricing/) 

Leasing fee: [Depends on the plan selected, visit their pricing page](https://mckennavanepm.com/pricing/) 

Lease renewal fee: [Depends on the plan selected, visit their pricing page](https://mckennavanepm.com/pricing/) 

 

## Pioneer Enterprises LLC
<img load="lazy" src="https://images.homesconnect.com/AccountData/150120606/rzt_hc_1585.jpg" alt="Pioneer Enterprises LLC logo">

 
Description: Are you looking for a reliable property management company for your Anne Arundel County rental homes or properties? Do you want to get the best management of your rental or investment properties in Anne Arundel County? If yes then your search ends here at Renturhome.com, a portal by Pioneer Enterprises, LLC - a reputed property management company in Anne Arundel County, Maryland. 

Website: [https://www.renturhome.com/Pages/property-management-company-in-anne-arundel-county-md.aspx](https://www.renturhome.com/Pages/property-management-company-in-anne-arundel-county-md.aspx) 

Phone: (410) 354-1111 

Google Ratings: [4.2](https://www.google.com/search?q=Pioneer+Enterprises+Management+Company&ludocid=14076105763534908418&gsas=1&lsig=AB86z5XGOfNf2ViAF8L95aLDnG_z&sa=X&ved=2ahUKEwj0wt7E74T0AhXRmHIEHd5jDZsQoAJ6BAgLEAc&biw=1794&bih=820&dpr=2#lrd=0x89c802eb9eae7b79:0xc3585f9d1053ac02,1,,,) 

Google Reviews: [81](https://www.google.com/search?q=Pioneer+Enterprises+Management+Company&ludocid=14076105763534908418&gsas=1&lsig=AB86z5XGOfNf2ViAF8L95aLDnG_z&sa=X&ved=2ahUKEwj0wt7E74T0AhXRmHIEHd5jDZsQoAJ6BAgLEAc&biw=1794&bih=820&dpr=2#lrd=0x89c802eb9eae7b79:0xc3585f9d1053ac02,1,,,) 

Property Management Monthly Fee: [7%-10% depending on number of properties](https://www.renturhome.com/Pages/property-management-company-in-anne-arundel-county-md.aspx) 

Leasing fee: [1 months rent](https://www.renturhome.com/Pages/property-management-company-in-anne-arundel-county-md.aspx) 

Lease renewal fee: [$0.00](https://www.renturhome.com/Pages/property-management-company-in-anne-arundel-county-md.aspx) 

 

## Important factors to consider

 

When evaluating a property manager there are several important factors that you need to consider other than their monthly fees to make a good decision. While monthly fees are important, renewal fees and leasing fees are a key consideration, sometimes other services property managers provide might be well worth above average fees. Consider reviews and what others have to say about about their experience with each property manager before moving forward and signing a contract. Do your research!

 

Here are additional factors that you should take into the account:

 

- Staff on call and available 24/7 in Anne Arundel county
- How quickly they address maintenance issues
- Do they have an extensive list of contractors in Anne Arundel county
- Do they have a large team of professionals in Anne Arundel country to server as back ups
- How many years of experience do they have in Anne Arundel county, managing rental in different locations sometimes calls for additional skills
- Do they have a competitive rate for Anne Arundel county? If their rate is higher what justifies that? If its lower, is it because they lost clients and need to discount their service?
- Are they locally operated in Anne Arundel county? Proximity to your rental property is key to providing best property management service. 
- Do they collect rent in person in Anne Arundel county or do they have more sophisticated tool to handle rent collection?
- Why tenant services do they provide?
- Will they find tenants Anne Arundel county?
- Will they post house listing Anne Arundel county?
- Will they evict tenant Anne Arundel county?
- Do they have good testimonials from other landlords Anne Arundel county?
- Will they quickly find tenants Anne Arundel county?
- Do they have decades of experience Anne Arundel county?
- Do they have access to best contractors Anne Arundel county?
- Do you feel comfortable entrusting you investment property Anne Arundel county to this property management company Anne Arundel county after having an interview with them?

 

## Questions to ask a potential property manager

Below you will find a list of interview questions you must ask a potential property management firm before agreeing to hire them to manage your property. These questions will help you identify a good firm and set expectations from day one. Make sure to note their responses so you have an easy way to compare between candidate firms that you interview. Remember you are the client, they will manage and represent you to your tenant, this is a key to being a successful landlord, so no questions are off limits to help you figure which company is the right fit. If any of the responses rub you the wrong way, make sure to note that down and always go with your gut feeling. If something is wrong in this early stage, then its more than likely additional problem will follow, especially when you are not in the room and the firm engages with your tenant directly. Imagine loosing a long term tenant because property management firm didn't do a good job maintaining your property, this is a scenario these questions will help you avoid. 

 

1. What is your monthly property management fee?

2. What is the leasing fee?

3. What is lease renewal fee?

4. Do you have a point of contact who is available 24/7?

5. Do you have a back-up contact in case the first contact is not available?

6. Do you provide any warranties, such as tenant durations warranties? 

7. Do you provide any warranties on how quickly you can find a tenant for my rental?

8. Do you handle all types of rental maintenance issues? 

9. How many rentals do you manage in Anne Arundel county? 

10. What have I not asked you that I should know about? (this is a great open ended question that might reveal more about the company that you didn't anticipate)

11. Why should I choose you over other best property management companies Anne Arundel county? (this is another great open ended question that might reveal more about the company that you didn't anticipate)

 

## Can landlords sell properties with tenants in place? 

 

Landlords often believe that they have to vacate their property and stage it to get top dollar for their portfolio rental. OfferMarket exists to dispels this notion. Everyday tired landlords or busy landlords post their rental properties with tenants in place on our free and open real estate marketplace to see if another rental investor would give them an offer for their rental. 

 

OfferMarket specializes in augmentation of rental portfolios, ether through disposition of outlier properties or through acquisition of attractive rental with tenants already in place. If you want to test the market and see if you get offers on your rental with tenants in place, [create a free listing](https://www.offermarket.us/sell) and see if other landlords would offer you an even higher price than the market since you already have tenants in place and they would have to do less work to make it cashflowing. On the other hand, if you are looking for cash flowing properties, [checkout our map](https://www.offermarket.us/listings) to see if there are any rental properties that might catch your eye, feel free to talk directly to the seller, schedule a tour or submit an offer, completely free and without any obligations. OfferMarket exists to help Maryland landlords buy and sell properties, commissions free, with ease and expediency. 

 

Checkout our [listings on our map](https://www.offermarket.us/listings) or [create a free listing to test the market](https://www.offermarket.us)

Checkout the top Anne Arundel county property management companies that will help any busy landlord manager their properties

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Top Anne Arundel County Property Managers - OfferMarket

Who are the top Anne Arundel county property management companies?

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket provides DSCR rental loans, bridge loans, hard money, fix and flip, slow flip, and ground up construction loans.

Private Lending | OfferMarket

Private Lending

Gross Annual Rent ÷ Current Market Value

 

Gross Rent is the total rent revenue collected. Current Market Value is the appraised or estimated value based on comparable properties (comps). Gross Yield does not consider expenses or taxes. Also referred to as Gross Rental Yield, this metric is a good starting point for rental property investors to determine the attractiveness of a rental property investment relative to other similar options in a given market.

 

### Example
If you own a single family rental property with $10,000 per year in gross rent (total rent) and the house is worth $100,000, your gross yield is 10%.

Gross Yield = Gross Annual Rent ÷ Current Market Value. Learn more about gross rental yield. 

*Quote takes 1 minute, no credit pull

*1 quote from 40+ carriers

*New listings daily

What is Gross Yield in real estate?

* Takes 2 minutes, no credit pull