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11 December 2024 | 3 replies
I have decided to look into a heloc, I'm a bit newer into realest state investing, I have completed a couple of fix%flips this year, I currently use hard money for the purchase with 10% down and I cover 100% of the rehab, with that said even just doing a couple of homes at a time, I find myself around 200k out of pocket, I think it would be a bit easier on myself and wife if we utilized a heloc vs just cash, my primary should appraise around 1.1m and my mortgage is 640k, I'm looking at pulling about 250k for a heloc, I don't want to refi the home and cash out as I only want to pay interest on funds as I use them ( I know I won't always be using the heloc cash) Any advice or even knowledge for people in a similar situation, and anyone have a referral for a Heloc?
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17 December 2024 | 42 replies
Some I may want to flip myself, but others I would like to "wholesale".
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2 December 2024 | 5 replies
Quote from @Robert Frazier: I would stick to something that can be replicated on each flip when you are in a market like this price point.
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10 December 2024 | 7 replies
The age of a home is sometimes a misnomer as older homes were built much better in many ways, not all.If you want to flip, you need to focus on older homes because that's where the bigger scale will be most likely and the more outdated cosmetically, the less likely first-time homebuyers will think they can do the work.
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10 December 2024 | 17 replies
I fix n flip and I always add the cost of paying an agent in my budget.
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9 December 2024 | 9 replies
If you flip properties, then you never really own anything.
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9 December 2024 | 10 replies
I specialize in building and flipping properties, focusing on transforming houses into beautiful, functional spaces that create value for buyers and investors alike.With several years of experience in real estate, I’ve developed a strong foundation in market analysis, design, and project management.
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12 December 2024 | 6 replies
Lot of people excluding the most important R that differentiates a flip from a rental - the RENT part...financing generally changes if you don't have a tenant or lease.
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2 December 2024 | 0 replies
Was wondering if anyone is fixing and flipping mobile homes in the Austin area?
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12 December 2024 | 3 replies
(and on the flip side the tenant can surely say they paid it as per the lease and even though I didn't receive it on purchase he has the lease stating he paid). 2.