Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Burton Dines
  • Denver, CO
1
Votes |
2
Posts

I'm 25 in Northern Colorado, need advice finding a flip property.

Burton Dines
  • Denver, CO
Posted

I'm 25 and getting into my next house flip in Northern Colorado, what advice can I get for the finding, financing and closing sides of the process? I have only done one successful flip before this but wasn't really thinking of making a business out of it. Ended up being crazy successful by the end of it so I want to keep it up. Just need help finding something where the numbers work out.

Most Popular Reply

User Stats

34
Posts
13
Votes
Blake A. Rivers
  • Lender
13
Votes |
34
Posts
Replied

@Cooper Raines is correct about people losing deals to cash offers consistently and the options are limited for financing.  You should try to get a conventional loan if you don't have a property under contract, because banks take a long time to close any loan. Hard money loans are only good if you can not get financing for a property from a common lender. You also have the Private Money Lender who loans on the asset you are buying and in most cases gives 100% of the rehab costs to maximize your returns. The private money lender can close in 15 days and offer is as good as cash.

Loading replies...