Can I flip a house with little to no money?

Can I flip a house with little to no money?

You can flip a house with little or no money with a few simple steps.

Step 1:

First, position yourself to be approved by a lender. You don’t have to have a lot of money available, but you do need some money. You also have to be able to demonstrate to a lender how you’ll repay the loan, or at least make the monthly interest payments.

Step 2:

Then, you should start saving money at a consistent rate to show your lender that you have enough extra cash in a month to be able to make the monthly interest payment. You also need to make sure your credit is where it needs to be. You need to pay all of your bills on time and close any credit cards that you’re not using.

Keep in mind that every time you open a credit card or get a car loan, that lender is running a credit report and you’re increasing the credit obligations that you may have.


These all play into a lender’s decision to make a loan. The better your credit score, and the more consistently you can demonstrate an ability to save, the easier it will be for you to get approved by a lender.

The most important thing we can tell you is that you shouldn’t decide that you’re going to be a house flipper and quit your job before you’ve actually been a house flipper. Until you have established the ability to make money as a house flipper, you probably will not be able to get a loan when your income is only speculative.

Keep your job, flip on nights, weekends, and during your vacation time. This will show lenders that you have a good history of flipping, and increase your chances of getting a loan.

Use our House Flipping Calculator to calculate a cost breakdown for your next project.


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