Inverse house Flipping?
Hello All,
I just got my real estate license this past week. I can't wait to dive in and use it for different investing and Real Estate income Strategies!
One idea that came to mind the only word I could think of to describe it is Inverse house flipping. I was wondering who might have some advice for me.
As it stands right now I don't have much start up capital to invest in flipping a home, especially in the MA area. My thoughts were if I used my R/E license to focus on selling to buyers Fixer uppers that are significantly under their budget. I would then use the left over budget to help them remodel the house and make it their own. I would basically coordinate the entire project and make the profit on that side. Basically similar to the Property Brothers Process.
How do I get my buyers approved for the additional rehab costs on their loan?
Am I able to coordinate the process being that I am not a General Contractor?
If this process is less than worth it, what recommendations do you have to help me generate the capital needed to get my first flip under my belt?
Thanks!
Corey