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Rehabbing & House Flipping

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Daniel Tisdale
  • Investor
  • Austin, TX
24
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61
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Advice for turning rental into a flip

Daniel Tisdale
  • Investor
  • Austin, TX
Posted Feb 9 2024, 16:19

Hi all,

I have an old 1962 house in Austin, TX that has been used as rental for the past 2.5 years. This was originally my primary residence and I am trying to get advice on how I might be able to rebuild a new property and flip it. How does someone typically finance these types of projects? I bought the property at about 2/3 of the current value and would hate to have to sell it to a developer to reap the benefits, but I don’t have the cash on hand to rebuild it myself.

What does someone typically do in my situation?

Thanks,

Daniel


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