146. Four Top Financing Options For Flipping Houses In Orange County CA

Selling My House In Orange County CA

Flipping houses can cost money. As your local homebuyers in Southern California, here are 4 top financing options for flipping houses in Orange County CA to help you get started. Use one, some, or all of these financing options to acquire all the investment properties you want to flip!

If you’re thinking about investing in real estate, you have several options – you can rent, rent-to-own, wholesale, flip, and many other options as well! If you’re thinking about flipping, you’re probably looking to acquire an investment property and then fix it up to sell at a higher price. If so, here are 4 top financing options for flipping houses.

Flipping Finance Option #1

Selling My House For Cash In Orange County CAYou can get a traditional bank loan from a mortgage loan lender like a bank or mortgage company. These are usually similar to the traditional mortgage loan that you might get for your residence: you pay a down payment and “use your credit score” to borrow the rest. Unlike your residential mortgage, you would sell the house to a buyer and then pay off the mortgage quickly.

The biggest drawback to this method is that you can usually only get a few mortgages in your name at once before the banks won’t lend you anymore. That will limit how many properties you can flip at once.

Flipping Finance Option #2

Another way to finance your flips is to partner with other investors so that each of you puts in a portion of the total cost. For example, you might acquire a $100,000 property by finding 3 other investors and each of you put in $25,000.

Of course, you’ll also need to figure out what percentage each person will invest in the renovations, and what percentage each partner earns at the end. In the example above, the simplest option would be for each partner to invest 25% and then get 25% back but some investors might prefer to be just “silent partners” while other investors might want to roll up their sleeves and do the renovation work!

If you’d like to flip some properties and perhaps want to partner with other investors, why not get in touch with us at (855) HOMESMITH (466-3764). We buy houses in Orange County California and we might be able to give you some suggestions or even make some introductions.

Flipping Finance Option #3

Cash For Homes In Orange County CAIn some situations, you may be able to invest in real estate with your IRA or 401(k). This is a very smart strategy (although you should be aware that there are some restrictions and guidelines — so make sure you talk to an expert who can help you).

There are some significant tax advantages to using this financing option, so it’s one that you may want to consider if you have money available in your IRA.

Flipping Finance Option #4

Seller financing is a very powerful way to finance your investments. Using this method, you bypass the bank and the seller actually becomes your bank! Instead of getting a loan from a mortgage company, you simply get the house and pay the seller a regular “mortgage” payment each month until you’ve paid the entire amount off. Some sellers like this because they want to sell fast and like the cash flow.

Homesmith Group Is Here For You!

If you’re an investor who wants to flip houses in Orange County CA, you probably need to finance the purchase of them. These are 4 top financing options for flipping houses that you can use to acquire as many properties as you want!

You can talk to us at Homesmith Group about how to acquire more properties to flip, or to help you figure out how to invest with your IRA or 401(k). If you want to sell your house in Southern California, we can also help you! We’re professional Orange County home buyers and we offer cash for houses in SoCal

Get in touch with us today!

Just click here to enter your information or give us a call at (855) HOMESMITH (466-3764).

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