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Updated about 8 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Mychal Dotts
  • Investor
  • Greensboro, NC
1
Votes |
14
Posts

Looking into first flip

Mychal Dotts
  • Investor
  • Greensboro, NC
Posted

I'm currently looking into doing my first flip my question is what would be the best way to go about getting capital or someone to invest with me. My credit isn't good and I'm currently working on that but I don't want to sit and wait for it to be built back up or else I might never get going. Any advice is greatly appreciated. I'm in the Greensboro, North Carolina area

Most Popular Reply

User Stats

109
Posts
19
Votes
Jarvis Smith
  • Investor
  • Seattle, WA
19
Votes |
109
Posts
Jarvis Smith
  • Investor
  • Seattle, WA
Replied

you don't need the best credit at all for flipping. Most hard money lenders do not care about credit it's asset based so they just care how good the deal is. You will need between 10 and 20% down to purchase a property. Maybe try wholesaling to build some capital and experience. Find deals and send them other flippers for a cut

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