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Updated over 6 years ago on . Most recent reply
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Discouraged already, and haven't even started. Fix and Flip
I've found ways to get 70% of Purchase price funded by hard money. However, I don't seem to have enough cash and credit cards to fill the gap. Been at this for almost a year now and can't get the finances in place to start doing Fix and Flips.
Any suggestions or words of encouragement? Not ready to give up!
Most Popular Reply
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- Lender
- Lake Oswego OR Summerlin, NV
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to be an actual fix and flip investor / business its quite capital intensive.. and just a down payment is just a drop in the bucket of the capital required.
your best bet is to put a little private network together if you really want to do this.
or get your license and specialize in finding these types of properties for fix and flippers..
make a commish selling it for them.. and then the list back.. that's what agents in our market here do and they will knock down 250 to 500k a year no sweat in commish with no risks of borrowing money or a flip that did not work.
- Jay Hinrichs
- Podcast Guest on Show #222
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