House flipping first time

[Mashal Choudhry]

Hi everyone, I was wanting to know if you would be familiar with this concept or if this is the first time this has been done. I work as a realtor and I was thinking about going to my local bank and hopefully buying a foreclosed property and then flipping and listing it. Could I even get a loan and do that? Could you provide me with some guidance? What would the process be like? Is it possible?

[Zachary Cain Humphrey]

Use a private money lender for the down payment. A hard money lender for the rehab. DSCR on the back end to pay off the private and hard money lender leaving you with a note and a rental. OR once complete on the flip turn around and sell the property paying off your hard money, private money, and a little for your trouble and time.