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All Forum Posts by: Dezmond Rozek

Dezmond Rozek has started 1 posts and replied 2 times.

Starting Out

Post: Financing Flipping a Home

Dezmond RozekPosted
  • Realtor
  • 44333
  • Posts 2
  • Votes 1
Quote from @Patrick Drury:

@Dezmond Rozek
Look into using hard money. It's a great tool for buying a property that needs significant rehab. They typically have 6-12 month terms, so you need to actively be on top of it to either sell it or refi in time. 


 Thank you for your insight! What are some of rates you have been subject to with hard money lenders?

0 Votes
Akron, Ohio
Starting Out

Post: Financing Flipping a Home

Dezmond RozekPosted
  • Realtor
  • 44333
  • Posts 2
  • Votes 1

I am a new member and found the site through the book How To Invest In Real Estate Ultimate Beginner's Guide. I am a licensed Realtor in Akron OH with Keller Williams looking to buy my first investment property. I am looking in the range of 50k-120k properties to flip for a 25k+ profit. When I do find a deal I am curious what type of financing experienced investors would use in my situation. I have about 10k of my own money available, but I have family I could possibly borrow from. How do I go about paying people to help with the rehab? How do I pay for supplies needed? 

Thank you!

Dezmond Rozek

1 Vote
Akron, Ohio