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Updated 3 months ago,
- Lender
- Austin, TX
- 4,410
- Votes |
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🤔❌💸How to Flip Houses with No Money😬!(Or When You're Tight on Cash!)
Getting started with fixing and #flipping can be intimidating – there are lots of moving pieces, so having a rock solid plan at the start is key. There are certainly lots of benefits for everyone when it comes to #fixandflips
Many are put to work and jobs are created or strengthened – including agents, contractors and other hard-working people. The community is strengthened as a property formerly in a state of disrepair is restored and turned into someone’s home.
However, at the end of the day, lets face it, flippers are in the business to make profits on their flips – and theres nothing wrong with that! 🤑💸
🔑Key to making your 🏚️flip🏚️ profitable (and being able to stay in the game and keep on flipping future projects) is having a solid financial plan in place.
💰What is the cost to flip a house?
The answer depends on multiple variables, chief among them your purchase price and renovation budget. But that’s not all, there are other significant and important costs to flip a house – and understanding, planning for, and minimizing them often make the difference between a successful flipper and fix and flip failure.
But don’t worry, In this comprehensive video, we’ll break down the various costs associated with house flipping and provide insights to help you budget effectively!
👀📺✅In this Video we will cover all the major cost categories to flip a house including:
➡️Purchase Price
➡️Renovation (Rehab) Costs
➡️Holding Costs
➡️Selling Costs
➡️Financing Costs
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More FREE Resources
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✅5-Minute WebApp for a Fix and Flip or Ground-Up Loan!
✅5-Minute WebApp for a DSCR Loan!
✅FULL ARTICLE: How Much Does It Cost To Do a Flip A House
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⏰ Jump To ⬇️⬇️⬇️
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00:00 Intro - The many beneficiaries of house flipping!
01:15 How to Flip Houses with No Money (Too Good To Be True😔)
02:27 Sources of Funds For Flips - Investor Partners
03:45 Hard Money Loans 🏚️💰✅ For Fix and Flips!
04:48 Other Options for Flipping Houses with No or Little Cash
05:36 Easy Street Capital - Making Hard Money Easy 💸💸💸
06:22 Next Steps!