Archive for April, 2010

How to Fund a House Flip?

Funding Your Flip

Real Estate investments are quite expensive. Not only do you need the money to purchase the property you will be flipping but you will also need money for the improvements, repairs, and renovations that need to be made along the way. Unfortunately, the real estate business is a tricky business and there aren’t very many traditional lenders that are willing to go full out in support of your real estate investment business venture.

This means you are going to have to either fund a good portion of the expenses yourself or you are going to have to find some other means of financing your house flip. First things first, the less you pay in interest the more money you bring home. You do not want to max out your credit cards in search of profits from a house flip if it can be avoided. Merchant accounts aren’t much better but they can help you keep better track of exactly how much money you are spending on the flip and some will even give you 90 days same as cash (this is great if you can complete the process within 90 days).

It should be said that these aren’t methods that are endorsed by the writer but they are definitely possibilities when it comes to funding your house flip. The best-case scenario is that you would have the money to play with and assume no real risk in the house flipping process but very few people trying to get started in real estate investing have that luxury.

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Best Place to Find Forclosures?

One of the best ways to find a house that will build equity fast is by investing in a foreclosure. There are several place to find foreclosures to invest in. This video will give you some ideas on a couple of resources.

You can find foreclosure listings on this website by clicking the tab at the top of the page. Foreclosures are also published in some local papers. Read more…

House Flip Basics

House Flip Boot Camp

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