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Updated over 5 years ago on . Most recent reply

Mike Muniz's profile image
Mike Muniz's profile image
Mike Muniz
  • Flipper/Rehabber
  • from Bronx, NY
  • Member since Aug 12, 2019
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25
Posts
4
Votes
Mike Muniz's profile image
Mike Muniz's profile image
Mike Muniz
  • Flipper/Rehabber
  • from Bronx, NY
  • Member since Aug 12, 2019
Connect
Mike Muniz
  • Flipper/Rehabber
  • Bronx, NY
4
Votes |
25
Posts
Rehabbing & House Flipping

How should I go about mt first flip?

Mike Muniz
  • Flipper/Rehabber
  • Bronx, NY
Posted

Let's say a home is up for 100k and I have 50k in cash. What should I do? Should I use 15-20k for a down payment for a loan from a Hard money lender to purchase and use the other 30k for a rehab? I see most hard money lenders lend no less than 75k also, do I have to start with a home that is 80-100k or more? I really don't know how to go about it.

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Mike Muniz's profile image
Mike Muniz's profile image
Mike Muniz
  • Flipper/Rehabber
  • from Bronx, NY
  • Member since Aug 12, 2019
Connect

User Stats

25
Posts
4
Votes
Mike Muniz's profile image
Mike Muniz's profile image
Mike Muniz
  • Flipper/Rehabber
  • from Bronx, NY
  • Member since Aug 12, 2019
Connect
Mike Muniz
  • Flipper/Rehabber
  • Bronx, NY
4
Votes |
25
Posts
Mike Muniz
  • Flipper/Rehabber
  • Bronx, NY
Replied

@Jaron Walling I really appreciate the help Jarin,truly, thanks man.

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