![]() ![]() You’ll either pay cash or take out a mortgage-just consider going for a 10- or 15-year mortgage, which will offer a lower rate. That’s about the most you should pay for your flip without cutting too much into the money you’ll walk away with.Īs for financing a flip, it isn’t that different from buying a regular home. To get a ballpark figure for a run-down property, cut that price by three-quarters (75% of $300,000 = $225,000). ![]() ![]() Let’s say, for instance, that homes in tiptop shape in the area sell for $300,000.
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