For those who have flipped houses
I have remodeled and rented out a few houses. I am thinking of doing a flip and am interested in multi family rentals also. But they all require more cash than what I have. I have a little to work with but not enough. I noticed the bridge financing is often high interest. How long is a reasonable amount of time to expect to hold the loan? Any tips for me?
Also, I have seen a lot on "wholesaling" How do you find a wholesaler? I am still trying to figure out what it means. Is a wholesaler someone who fronts you money and you pay them back when the house sells with a profit? I need to find a partner or investor to help with the up-front cash but I am unsure where to find one.
Thanks! I'm excited to learn from you all!