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What's the minimum amount of cash I need to flip a house?

House flipping can be an excellent source of income. However, in order to enter the market, a source of capital is necessary whether it’s your own, a lender’s or an investor’s. If you opt to fund your project with a lender or investor, they will typically require you to show at least some access to capital before they agree to funding your project.

In the world of private money lending, the minimum amount of cash you need to flip a house really depends upon the size of the loan that you're looking for, as well as your income.

For our smallest loan, we'd like to see between $12,000 and $15,000, or at least access to it. For larger loans, the amount we're expecting to see increases. For example, if you want to acquire a $250,000 loan, we would need to see at least $25,000 to $30,000 to approve the loan.

It’s worth noting that there's no absolute number or absolute percentage, but we do look at your cash on hand, your income, unused bank lines of credit, and retirement accounts. We take all of this into account, but as mentioned, there is no magic formula or number that works for every project.

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