Updated over 10 years ago on . Most recent reply
How much money do i need to put down?
Hello all, just a quick question. I have been researching the different methods of finance and still the most appealing to me is just using my own money from savings. I would like to know how much money is the normal amount to put down when flipping a home? I understand it varies on cost of the home so for example lets just say the home I want to purchase is 50,000. Now I have over 50,000 in savings, but when purchasing a home to FLIP is it pointless to pay it off full in cash just to flip and sell or should I just put down around 20-25% in cash and just flip and sell that way. Thank you