Bridger PenningtonFund Launch & Investment Expert

House flippers... is this accurate?

15 Dec 2022 · 0 min

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0:18

A house flipper finds a property, gets financing from hard-money investors or banks, puts the money into an LLC, renovates, sells for profit, and repeats. The whole job in 30 seconds.

So house flippers, I'm going to summarize your entire job in about 30 seconds. Okay, this is what house flippers do. House flippers find a house, they get money from hard money investors, bank themselves, they get this money together, they put it into typically an LLC, they have an operating agreement, they go and flip the house, they make some moolah, and they restart. How's that for me summarizing your entire job?

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