Real Estate Flip vs Flop: How To Make the First Offer Work

Posted by Residential Capital Partners on Jul 1, 2019 9:42:02 AM

“I think I’ll hold out for something better.”

“This is getting frustrating; maybe I can find a better buyer.”

There are times when these conclusions are the best course of action. But when it comes to a real estate flip, there’s a lot to be said for trying to make that first offer work. Once you and a prospect have reached an acceptable initial offer, making an effort to see the deal through is beneficial for a number of reasons:

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3 Ways to Get Fix and Flip Funding

Posted by Residential Capital Partners on Jun 27, 2019 1:44:30 PM

You don’t have to shake out the couch cushions to get funding for flipping houses.

Flipping a house takes a lot of money beyond the purchase price. The median purchasing price for homes in 2019 is $155,000. Add on rehab costs, appraisals and inspections, holding costs, realtor fees and closing costs… it takes a lot of money to turn a profit on your fix and flip.

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