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Updated over 8 years ago,

User Stats

72
Posts
10
Votes
Riley Hinshaw
  • Flipper/Rehabber
  • Highland, CA
10
Votes |
72
Posts

NEED SOME ADVICE FOR FIRST FLIP

Riley Hinshaw
  • Flipper/Rehabber
  • Highland, CA
Posted

Hey BP, ive been wholesaling properties for the last 4 months and im trying to save up money so i can do my first flip. I was curious, could i do my first flip with $50,000 saved up, and how would i put the money to use. I know a couple ways but want to hear your guys personal opinions and advice. say i want to purchase a $250k home needing 25k in repairs. It is possible correct? would i be putting all that money down up front? or would i just get a hard money lender to spot me the other $225k ? thanks

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