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Updated 21 days ago on . Most recent reply

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8
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Joshua Nichols
10
Votes |
8
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Funding Flipping for the First Time

Joshua Nichols
Posted

Hello! I'm new to the real estate game. I'm very interested in flipping properties. I have found a good market and have built a good team thus far and I'm ready for my first flip. My question is about the funding for the project. I have enough liquid money for the down payment for the hard money lender, but that'll leave me with zero cash for closing costs, realtor fees, etc. I can pay utilities, insurance, and other holding fees but I won't have enough to pay other cost like listed above. The question I have is, if I get a hard money loan, can I get enough to cover the closing costs and realtor fees and other associated fees? 

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User Stats

8
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10
Votes
Joshua Nichols
10
Votes |
8
Posts
Joshua Nichols
Replied

@Kyle Deutschmann Thank you for the advise! I look forward to possibly dealing with you when I get a some experience under my belt! 

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