WWYD if you ran out of $$$ during the flip!

[Candace Postell]

Hi B/P family,

So what if you were about 95% complete on a flip and you needed about 4k to complete, what would you do besides private money? Its a bit of a dilemma because you've made it this far and you dont want to have to give any of the profits away just for a small loan. But if its going to get you the 4k you need and the house sold, then why not??

***I know I'm talking in 3rd person while answering my own questions, but these are thoughts that goes through my head and so thats y I am asking for any and all suggestions**

Thanks

[Steve Vaughan]

Originally posted by @Candace Postell:

And the fees that are associated with selling

Yes- about 10% with realtors and carrying costs, state and county transfer fees, title insurance, etc.

Don't forget your silent partner -  Uncle Sam.  He loves short-term transactions and will be there waiting next spring!  

Even with all this, I bet this education and experience will be well worth it for you, Candace.  Please keep us posted!