How to fund the next deal
Hey folks. I am under contract for my first flip (that I might hold as a rental). I have a traditional mortgage on this one. I would like to keep flipping properties, but I am scratching my head to figure out the best way to fund them.
Here is my situation: I have
-Great credit, and decent income.
-about 20K in an IRA
-about 20K in a 401K
-about 130K in equity in my personal residence
-about 35K in a savings account.
How would you go about financing several house flips in an area where most houses go for 200K to 400K?
Thanks.



