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Most flippers use "Hard Money" loans. These are short-term, high-interest loans based on the property's value rather than the borrower's credit score.
($300,000 x 0.70) - $50,000 = 3. Key Phases of a Flip buying and flipping homes
Always include a 15-20% "contingency fund" for hidden issues like mold, structural damage, or outdated wiring found behind walls. Most flippers use "Hard Money" loans