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How to Buy a House at an Auction Without Having Cash

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When housing prices are especially strong, homeowners typically have lots of equity in their homes. Get a hard money loan Hard money lenders are financial institutions that lend money to people with less than stellar credit or complicated finances in order to buy assets such as real estate.

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Flipping Houses in Florida: 5 Cities to Consider

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Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. It’s definitely preferable to have your own money and not have to answer to anybody else,” says Riber. Find a Buyer's Agent What is house flipping?

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Flipping Houses in New York: 5 Cities to Consider

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Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. According to the real estate investment lending site New Silver, the average Fix and Flip investors in New York are generating $56,400 per flip.