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Updated almost 7 years ago on . Most recent reply

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Sam Marcos
  • Tampa, FL
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49
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Discouraged already, and haven't even started. Fix and Flip

Sam Marcos
  • Tampa, FL
Posted

I've found ways to get 70% of Purchase price funded by hard money.  However, I don't seem to have enough cash and credit cards to fill the gap.  Been at this for almost a year now and can't get the finances in place to start doing Fix and Flips.  

Any suggestions or words of encouragement?  Not ready to give up! 

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,847
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

to be an actual fix and flip investor / business  its quite capital intensive.. and just a down payment is just a drop in the bucket of the capital required.

your best bet is to put a little private network together if you really want to do this.

or get your license and specialize in finding these types of properties for fix and flippers.. 

make a commish selling it for them.. and then the list back.. that's what agents in our market here do and they will knock down 250 to 500k a year no sweat in commish with no risks of borrowing money or a flip that did not work.

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JLH Capital Partners

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