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Updated over 4 years ago on . Most recent reply

Account Closed
19
Votes |
42
Posts

How Should I Fund a Flip?

Account Closed
Posted

Hi everyone, 

I am currently analyzing my potential first deal. It is an off market house that hasn’t been lived in for the last several years. It was constructed in 2007 and has a very similar interior to all the recently sold houses on the mls. From what I can tell it really only needs a facelift and new driveway. The owner has tried selling it for the last several years, but they haven’t had any success. I will be sending them a letter offering to buy it this week. We have the funds for a down payment and rehab, but we will need to fund the rest. If all financing options are on the table, which option would be best for an offer of $115,000?  Any help would be greatly appreciated. Thanks in advance! 

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11
Posts
5
Votes
Henry Kaalekahi
  • Contractor
  • Seattle, WA
5
Votes |
11
Posts
Henry Kaalekahi
  • Contractor
  • Seattle, WA
Replied

@Curt Boswell I’m new to the RE scene also but most people I ask who have been in the game hard money is best. Good luck on your first deal!

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