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Updated almost 3 years ago on . Most recent reply

Sarah Hunt's profile image
Sarah Hunt's profile image
Sarah Hunt
  • Investor
  • from Indianapolis
  • Member since Mar 30, 2022
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Sarah Hunt's profile image
Sarah Hunt's profile image
Sarah Hunt
  • Investor
  • from Indianapolis
  • Member since Mar 30, 2022
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Sarah Hunt
  • Investor
  • Indianapolis
1
Votes |
6
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Marketing Your Property

Investing in a flip house

Sarah Hunt
  • Investor
  • Indianapolis
Posted

We have found an off market property that needs minimal repairs. There is potential to make $30-40k on this flip. Would you suggest buying this with cash, doing the repairs, and then relisting on the MLS OR should we find find a hard money investor or lender to partner with?

Indianapolis, Indiana
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Logan McKay Zylstra's profile image
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Logan McKay Zylstra
  • Realtor
  • from Salt Lake City, UT
  • Member since Feb 4, 2020
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Logan McKay Zylstra's profile image
Logan McKay Zylstra's profile image
Logan McKay Zylstra
  • Realtor
  • from Salt Lake City, UT
  • Member since Feb 4, 2020
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Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
248
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Logan McKay Zylstra
  • Realtor
  • Salt Lake City, UT
Replied

I would disagree with Scott. While using other people's money will help you scale faster if you are just looking to maximize profit on this one deal, buy it cash (if you have the funds). 

If you don't have the funds, no reason not to partner or use hard money to get the deal done.

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