Where can I find "start up" money for flipping houses?
My husband and I work construction, and we will do the work ourselves. I just dont know exactly where on earth to start due to use just buying a alien house, and a truck for him, we cant get another mortgage. I merely want roughly $10,000.00 to buy foreclosure, flip it and sell. So I am looking for $50,000.00 total, but consequently I can be on my own. I just requirement start up.
Answers: Remember there are too masses house out there presently that can not be sold. I wouldn't even think going on for flipping right now!
You are head for trouble if you have a truck loan, a mortgage, and reckon you're going to get a loan to buy a house to flip. You stipulation to save up to put at smallest 30% down on any house you buy to resell, and be out of debt beyond that. Banks don't make loans to flippers any more. Those days are gone.
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Answers: Remember there are too masses house out there presently that can not be sold. I wouldn't even think going on for flipping right now!
You are head for trouble if you have a truck loan, a mortgage, and reckon you're going to get a loan to buy a house to flip. You stipulation to save up to put at smallest 30% down on any house you buy to resell, and be out of debt beyond that. Banks don't make loans to flippers any more. Those days are gone.