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Updated almost 6 years ago,

User Stats

5
Posts
2
Votes
Angel Flores
  • Real Estate Agent
  • Las Vegas, NV
2
Votes |
5
Posts

On average how much $ needed for a flip in Las Vegas?

Angel Flores
  • Real Estate Agent
  • Las Vegas, NV
Posted

Hello all, 

Brief background of myself - Im an agent in Las Vegas. Im on BP in hopes to find a business partner, whom is hoping to achieve the same goals as myself. I've got about $35k in capital that I can use to invest as well as a credit card line of $25k to help with rehabs. Im aware the normal routine is 20%+ down on an investment property + Rehab costs, etc. I am looking to flip property and once my capital begins to build up, jump into several rentals during the process. I know this number varies depending on rehab costs, but on average in this market, how much are most of you spending out of pocket? Just curious as I feel that I need more in reserves in case of an emergency or blindside, and therefore, is why I am looking to partner up with somebody. I also know several ppl who are on board to become a private investor, just need some skin in the game with flips.  Any tips, suggestions and recommendations on how you got started is appreciated!! thanks all! 

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