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Updated about 4 years ago, 12/01/2020
How do house flippers acquire money to finance renovations
I have a question concerning house flipping. I know most use hard money lenders & private lenders to acquire the property but how do they finance the renovation? Do they borrow more than what the purchase price of the property is? Or do they tap into lines of credit (credit card, business line of credit etc...) or personal cash.