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Updated over 1 year ago on . Most recent reply

Dan Kim's profile image
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Dan Kim
  • Member since Oct 13, 2019
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Dan Kim's profile image
Dan Kim's profile image
Dan Kim
  • Member since Oct 13, 2019
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Dan Kim
9
Votes |
49
Posts
Rehabbing & House Flipping

Flips for a beginner

Dan Kim
Posted

Hello BP community!

My first RE project will be a fix and flip, just to start gaining capital before getting into buy and hold properties. My question to start is, do you find it best to use hard money to fund the purchase and renovations, or using renovation loans i.e. FHA 203 (k), Fannie Mae Homestyle loans?

Thank you for any advice!

Columbia, Maryland
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Noah Bacon's profile image
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Noah Bacon
  • Property Manager
  • from Lansdale, PA
  • Member since Jan 13, 2021
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Noah Bacon's profile image
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Noah Bacon
  • Property Manager
  • from Lansdale, PA
  • Member since Jan 13, 2021
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Noah Bacon
  • Property Manager
  • Lansdale, PA
1,054
Votes |
826
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Noah Bacon
  • Property Manager
  • Lansdale, PA
ModeratorReplied

Hey Dan,

Some great responses on this discussion already!

I would definitely check out BiggerPockets Money Podcast Episode 425, where we explain the 203(k) loan and how to use it to make massive equity gains!

Check it out here👈

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