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House flipper salary9/7/2023 ![]() ![]() Private money is great if you can get it. Private Fundingīorrowing funds from friends, colleagues, or other real estate investors is considered private money. However, there are other types of loans and programs that may allow little to no money down. Twenty percent down usually avoids private mortgage insurance, which can be up to 2% of the loan. Most people prefer to put 20% of the home cost as a down payment on a conventional loan. ![]() Here’s a breakdown of some ways to borrow money. However, others like to borrow money to free up cash for repair costs. Some say cash is king when buying a house to flip. How Much Can You Make Flipping Houses? 1.
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