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.
Buying & Selling Real Estate
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 about 3 years ago,

User Stats

3
Posts
0
Votes
Matthew Mason
0
Votes |
3
Posts

Need advice on a new home flip

Matthew Mason
Posted

Newbie here.  We contracted to have a new home built in the Austin, TX area and it is nearing completion.  I am currently beginning my marketing to find a buyer for the home and I plan on having them close on the sale the same day we close on the buy.  I can scrape up every cent I have and use cash to close on the home, but I really don't want to. Of course, I could bring in a hard money lender to do it, but I'd like to avoid that cost. Any other ideas?  I've heard of "assignment of equity" type of deal, but not sure how that works.  I feel like I need to avoid involving the homebuilder as they would love to have this home back.

Loading replies...