how to get financed for flipping real estate?

You need to find a “hard money” lender…they are usually private investors who lend at lower LTVs with high interest rates, it specifically designed for short-term financing. Contact your a loan broker in your local area (choose someone with a significant amount of experience and extensive industry contacts) If you shoot me an email I may be able to suggest one depending on where you live.

I WOULD SUGGEST READING A BOOK ON THE SUBJECT

Despite what a previous poster wrote, you do not need a hard money lender. What you want is a conventional mortgage lender (not a broker) who is experienced in NOO (non-owner occuped) loans. You would qualify the same way as any other investment property. I use Julie at

As for learning about the different aspects of flipping properties, the best source I’ve found is a local real estate investing club. Search online for one in your area. In Dallas, I belong to

Good luck.

House flipping can be a great opportunity to be self independent and make a additional income.

House flipping can be a heavy load if you are working another full time job. When you flip a house time is everything. Every month the house is not completed,
you need to pay another mortgage payment, property taxes, insurance and utilities. You need to take in account these factors, because those monthly expenses is money
being spent from your profit.

When buying a investment property you need to have a business plan for that property. That means figuring out your target sale price of that property minus the purchase price. Then subtracting material cost, time and labor cost, monthly
expenses such as mortgage payments, property taxes, insurance and utilities. It is very important to have a target completion date to so you are able to figure out how
much money in total you will be spending on that property. It is also just as important to estimate how long it will actually take you to sell the home once it is completed. You may check other properties in the area that have been sold, to see how long as an average, they were on the market.

Remember, when buying investment properties for house flipping it is important to stay within your business plan budget and time frame for that project and future house flipping projects.

Also, your best bet to get financed is to seek a mortgage broker who is able to get your loan through hard money lenders.