Edgewood, MD is a neighborhood in Harford County located along I-95. Learn more about Edgewood, MD real estate in this market overview.

Edgewood, MD - Real Estate Market Overview - OfferMarket

Edgewood, MD

Wholesale properties are properties where the owner (seller) is under contract with a wholesaler (buyer) who is selling the contract to another buyer.

What are wholesale properties? Learn about wholesale real estate and how anyone buying or selling real estate can benefit from the OfferMarket wholesale real estate marketplace.

Wholesale Properties - Real Estate Glossary - OfferMarket

What is Wholesale Properties in real estate?

**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 Illinois

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

Rental Loans

What is an iBuyer?

iBuyer Competitors

iBuyer Alternative

Content related to iBuying

**Last updated:** April 4, 2024

 

## What is an iBuyer?

 

iBuying means "instant buying" and is a type of home sale transaction where the iBuyer (see list of well-known iBuyers below) provides a real cash offer and closes in as little as 7 days or with some flexibility on your timeline. The iBuyer then sells your home for a higher price either through the [MLS](https://www.offermarket.us/real-estate-glossary/multiple-listing-service) or to institutional rental property investors.

 

While selling your home to an iBuyer is convenient and easy, you will most certainly leave money on the table compared to a true marketplace transaction. iBuyers provide below market offers and charge a service fee which is used to cover transaction costs and repairs. **If you sell your house to an iBuyer, you should expect to receive as much 10% - 15% below the net proceeds you would otherwise receive on a competitive marketplace.**

 

## iBuyer Competitors

 

- [Opendoor](https://www.offermarket.us/blog/opendoor-competitors)
- [Offerpad](https://www.offermarket.us/blog/offerpad-competitors)
- [Zillow Offers - Shut Down in 2021](https://www.offermarket.us/blog/zillow-offers-competitors)
- [RedfinNow - Shut Down in 2022](https://www.offermarket.us/blog/redfinnow-competitors)

 

## iBuyer Alternative

 

OfferMarket is a ZERO commission marketplace and iBuyer alternative for sellers who want to compare multiple offers from verified cash buyers and sell fast and conveniently for higher net proceeds.

 

## Content related to iBuying

 

- [RedfinNow Competitors](https://www.offermarket.us/blog/redfinnow-competitors)
- [Opendoor Competitors](https://www.offermarket.us/blog/opendoor-competitors)
- [Offerpad Competitors](https://www.offermarket.us/blog/offerpad-competitors)
- [Zillow Offers Competitors](https://www.offermarket.us/blog/zillow-offers-competitors)
- [Selling A House AS IS](https://www.offermarket.us/guides/selling-a-house-as-is)
- [Sell My House Fast](https://www.offermarket.us/blog/sell-my-house-fast-day)

iBuying is short for "instant buying" and is a term used in the real estate industry for fast cash offers for your house.

*Quote takes 1 minute, no credit pull

*1 quote from 40+ carriers

*New listings daily

iBuying

* Takes 2 minutes, no credit pull

What is an iBuyer?

iBuyer Competitors

iBuyer Alternative

* Takes 2 minutes, no credit pull