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Updated about 5 years ago on . Most recent reply

User Stats

67
Posts
11
Votes
Steven DAmbra
  • N Providence, RI
11
Votes |
67
Posts

Looking for advice on completing purchase for flip and flip.

Steven DAmbra
  • N Providence, RI
Posted

QUESTION:so when you got the deal, you got the property, BUT all you really have for cash is the down payment. so that leaves the 10-20% of liquid cash you need to actually close the deal. so for a fix and flip... what's your best approach to getting that gap money you need? Is this called taking 2nd position on the mortgage? if so is anyone even willing to do that? please and thank you.

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