Re: Financing a flip(rehab) - Posted by Tim
Posted by Tim on March 31, 2006 at 07:18:16:
Don’t just jump ito Hard money. I have been fliping houses for a few years and have never used hard money. You can get yourself into a whole lot of trouble if you dont pay it back in a short time.
Your better off taking out a creditcard or 2 or having a parent or other person willing to lend some cash for rehab. But be smart about it and have a detailed plan as to what your going to be doing and how much it costs and how long it should take.
Explore these other options first and do not just jump into hard money.
Good luck - being 18 and wanting to get into this is awesome so try to do it as smart as possible.