Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

5
Posts
0
Votes
Ashley Dupoux
  • Glendora, CA
0
Votes |
5
Posts

Want to do my first flip

Ashley Dupoux
  • Glendora, CA
Posted

Hi, I'm in Cali and I want to do my first flip. I plan to get a house by wholesaling. I need to know how to get started with no money or much money of my own. I want to get funded for the purchase of a property and also funded for a flip. Is that possible to do both? I'm really motivated to start my business in ROI and this I want to do to start working towards passive income and so much more. Any and all advice is appreciated especially the number game.

Most Popular Reply

User Stats

49
Posts
31
Votes
Jordan Deeney
  • Flipper/Rehabber
  • Atlanta, GA
31
Votes |
49
Posts
Jordan Deeney
  • Flipper/Rehabber
  • Atlanta, GA
Replied

Hi @Ashley Dupoux. An idea for you would be to start talking with everyone in your social circle about what you're doing. For me, I have found that people usual will be mention their own property or rental property. This can be a source of equity they can use to invest in one of your deals. For myself, I have found success in finding money using this technique. More so with people have more experience in real estate investing. I even found someone in my extended social circle that already did private lending on flip projects. 

The other option is always Hard Money Lending. You may have to call around a lot to get 100% lending on a flip project. I have had one Hard Money Lender tell me they would lend 100% if the deal was good enough for them. 

Hope this helps!

Loading replies...