I am trying to get started with buying, renovating and selling homes. Then after that my goal is to eventually get a building for rental purposes with multiple units but I would start with a duplex after the initial flip. Is there a way to finance a flip or is everything out of pocket? I want to know what to expect and was looking for some direction so advice would be great.
Have a good day.
If you buy a foreclosure from HUD you might be able to do a 203k loan which includes rehab costs. Next, check your local banks and credit unions for a rehab loan. Not many have rehab programs so you may need to make a lot of calls. Your next option would be hard money loan.