Question about flipping properties.

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Posted by Jason on March 13, 2004 at 03:28:29:

I was wondering that since I don't have a developed line of credit, would it be possible for me to put properties under contract and then sell before the closing date? Do you still need some sort of credit or qualification to do these kind of deals? My main focus right now is to find ways around having to get financed. My ultimate goal is to be an investor because it sounds much more profitable. However, I first need to make some cash that I can put down to satisfy lenders.

I have another question as well. Is it worth going to hard money lenders at first? I know the interest rates are not very favorable, but it is a form of getting financed. Anyways, any other ideas on how to beat this problem would be great. I know once I get past my first couple of deals, things will begin to start getting easier, but I need to jump this one hurtle. Thanks.


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