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Updated over 6 years ago on . Most recent reply

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Darryl Jackson
  • Philadelphia, PA
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I would like to know how to flip a house

Darryl Jackson
  • Philadelphia, PA
Posted
How can I get into real estate and how much do I need to start up

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Joseph M.
  • Flipper/Rehabber
  • Los Angeles, CA
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Joseph M.
  • Flipper/Rehabber
  • Los Angeles, CA
Replied
@Darryl Jackson How much you need can depend on many factors , the purchase price of the home , the rehab costs etc. Also if you are going to pay all cash or leverage ( hard money or private money loans etc ) If you don’t own your own home I’d suggest doing a live in flip or house hack as you can take advantage of low money down loans like an FHA loan for 3.5% Many people have used this as a way to start out and gain equity that they then use for other deals . It’s possible to do deals without your own money if you do a joint venture type deal but could be hard to find someone to partner without experience, might have to give up more than half the profit but still better than no deal .

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