Updated over 4 years ago on . Most recent reply
How do I start flipping houses legally
I am now in the period of furthering education about real estate investing and flipping houses specifically.
To purchase my first house to flip I would most likely have to take a loan from the bank. If my profits from the first house does not cover the whole cost of the second house (and so on), do I have to close the loan and start a new one for the new house since that loan was tied to that specific house? Or can I rollover the funds to the next house and continue until I have enough profits to pay off the loan entirely and continue from there?
It takes a while to get the loan in the first place so it would just be so much easier if the funds can roll over.
I know I could get financing from elsewhere but if that isn't an option I'd like to know the logistics of this.