Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

9
Posts
2
Votes
John Arcana
Pro Member
  • Real Estate Agent
  • Lumberton, TX
2
Votes |
9
Posts

First flip help

John Arcana
Pro Member
  • Real Estate Agent
  • Lumberton, TX
Posted

I'm still very green in RE investing. I have two rental properties with good cash flow but I have been wanting to attempt my first flip. That being said, I don't really know how to secure financing without having all the cash myself. I've got my eye on a home for sale cash only, $99,000. Renovated, comps show it could sell for about $150,000. (I'm a full time Realtor so I feel my ARV is pretty accurate.) My problem is I only have about $20k in the bank plus a $15k LOC. How would I purchase the property and pay for renovations with only $35k available to me?

  • John Arcana
  • Loading replies...