Читать книгу Flipping Houses For Dummies онлайн
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If you’re thinking that you can’t possibly get your mitts on enough cash to finance your house flipping venture, this is the chapter for you. Here you discover the myriad sources of house flipping investment capital.
Recognizing the Importance of Being a Cash Buyer
Whether you’re buying a home to live in or to flip, cash is king. It enables you to pounce on a bargain and gives you leverage in negotiating the price you ultimately pay for a property. When you place an offer on a house, and other bids come in, the seller is more likely to accept your offer of thousands of dollars less when you have the cash on hand to quickly close the deal. Why? Because people bidding against you for the same property may need to make their offers contingent upon receiving financing (a loan). If the seller accepts the offer, those other “buyers” can tie up the property for months and then back out at the last minute because their financing fell through.
The seller must then place the house back on the market and start from scratch. Perhaps the deal on the house the seller planned to purchase will fall through as a result or they’ll end up having to make payments on two houses until the old one sells. They may even have to put off their plans to move, or they may be forced to move and leave the house behind, hoping their real estate agent finds a new buyer soon. Many sellers would prefer to accept a much lower cash offer with the assurance that the deal will close.