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Updated almost 5 years ago on . Most recent reply

Account Closed
  • Contractor
  • White Plains, NY
0
Votes |
6
Posts

Should i use an investor or my cash to purchase a house to flip?

Account Closed
  • Contractor
  • White Plains, NY
Posted

All monies would be for the purchase and repairs/upgrades

Most Popular Reply

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340
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188
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Uriah D.
  • Investor
  • Apex, NC
188
Votes |
340
Posts
Uriah D.
  • Investor
  • Apex, NC
Replied

@Louis Cardiello

You’ll have to ask yourself if you want to do this full time. We typically have 5-15 projects going on in the Raleigh / Durham area at one time. End of last year we had 18. Growing pains for sure. Sold those off before Rona.

There are plenty of great people in the area doing far more than us, but if you want to be able to scale, then network and ask everyone you know if they would consider investing with you. Our first few were HML, but I realized quickly we would never survive at those rates. Now we are between 8-12% no points depending on the deal.

  • Uriah D.
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