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if someone wanted to buy a fixer upper to flip it....
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Jessica
I'm a mommy :)
Member since 1/06 7322 total posts
Name:
~Jess~
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if someone wanted to buy a fixer upper to flip it....
could they use their primary home's equity to buy it?
just trying to understand how people who flip houses ever get started when they already own a house and have their own mortgage
not that i EVER want to do this....just being curious
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Posted 7/14/08 7:48 AM  |
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Prudential Douglas Elliman Real Estate
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1stimemom
Love my boys
Member since 2/08 8766 total posts
Name:
Mrs Dee
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Re: if someone wanted to buy a fixer upper to flip it....
yes, you can.
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| Posted 7/14/08 9:26 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: if someone wanted to buy a fixer upper to flip it....
yes I have seen people use that on house flipping shows
ETA- you can take out a mortgage on the flip as well- you might not get the same rate as your primary house
and then you can use money you have saved for the improvments or equity from you current house
banks are not doing anything to help investors that are on the brink of foreclosure- (rate adjustments etc)
Message edited 7/14/2008 10:09:13 AM.
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| Posted 7/14/08 9:39 AM |
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