All Forum Posts by: Jennipher Jess

Hello everyone on BP, I am new here. 

My husband and I have done 2 live in flips and are currently living in our 3rd one. However, we love this house. We cannot sell it as of yet for many reasons. That said, we just refinanced when rates are good and want to start investing in real estate outside of the homes we live in. Cash is tight so we are unsure how to get started with a down payment. Could you do a second mortgage with zero down? 

That was our first one, we've done two since. Now all our money is locked in equity. We just refinanced last year and are trying to figure out how to get started with this process. It's tricky when you don't really have any money down. Any suggestions?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $148,000
Cash invested: $20,000
Sale price: $222,900

My husband and I did the majority of the work on this flip to save on cost since the budget was tight. But we learned so much about the process of fixing up a home and really working together to achieve something great.