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Updated about 15 years ago on .
Flip Questions Help Please!
I am ready to make first flip property purchase in the near future. I've done research on lots of aspects of transaction and have a few additional questions.
Scenario:
Purchase price 35K
Needs about 10K worth of work to finish and make ready for sale.
Looking to sell for around 70K
I am a cash buyer and paying cash for remodeling and costs.
What are seasoning requirements on title if I sell to:
1. Cash buyer:
2. Conventional buyer:
3. FHA buyer:
This ties into the issue of how much can I make off a property depending on what type of buyer I find? For instance, it I'm all in for 45K and sell for 70K, out of the buyer's above, which would I have any issues with in regards to how much I'm in for total on the investment?
Sorry for drawn out questions, just wanting to cover all the bases.
Thanks in advance for all of your help!