Investing in a flip house
We have found an off market property that needs minimal repairs. There is potential to make $30-40k on this flip. Would you suggest buying this with cash, doing the repairs, and then relisting on the MLS OR should we find find a hard money investor or lender to partner with?
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I would disagree with Scott. While using other people's money will help you scale faster if you are just looking to maximize profit on this one deal, buy it cash (if you have the funds).
If you don't have the funds, no reason not to partner or use hard money to get the deal done.