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Updated almost 9 years ago on . Most recent reply

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Bria Palmer
  • worker
  • Powder Springs, GA
0
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1
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Looking to start flipping soon but I need some help.

Bria Palmer
  • worker
  • Powder Springs, GA
Posted

I have done research and i have a better understanding but i am still a little stuck. I am unsure if i can get a loan with little to no money out of pocket, and how to calculate how much everything will cost. Also how to get a realtor with a background in house flipping.

Most Popular Reply

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24
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Mark Scott
  • Investor
  • Fayetteville, NC
6
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24
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Mark Scott
  • Investor
  • Fayetteville, NC
Replied

@Bria Palmer I too am in the process of starting to buy, renovate and sell properties. Finding a realtor is not hard...you just have to attend a local real estate investment club. There are usually some there that specialize in working with Investors and invest themselves. You can also search online for realtors and look at their profiles.

There are plenty of hard money lenders out there. You can find some on this site in the forums and under "Marketplace" at the top of the page. Most of them require 20% or more down and various other requirements. Take the time to read through their disclosures and rates on their site. If you don't have the 20% as mentioned above you will need a partner and that is another challenge. They usually want to see what flips you have already done, so family and friends may be your best means for funding. Remember you don't have to get it all from one person. 

Educate yourself through the resources on this site and you will be on your way.

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