Flipping house questions (real estate, financing, loan, sales)

[invictus22]

ok this question probably has already been answered, but if a house is flipped and then put on market, does the buyer have to pay for it whole? or can they take out mortgage on it? and if they do take out mortgage on it, how does the one that flipped it make a profit or get paid? do the monthly payments go to the flipper each month?

[LifeIsGood01]

Originally Posted by invictus22

ok this question probably has already been answered, but if a house is flipped and then put on market, does the buyer have to pay for it whole? or can they take out mortgage on it? and if they do take out mortgage on it, how does the one that flipped it make a profit or get paid? do the monthly payments go to the flipper each month?

He gets paid in full by the person who buys the house either thru cash or by a mortgage that they got. No the flipper does not get paid monthly.

[Okey Dokie]

Originally Posted by so954

He gets paid in full by the person who buys the house either thru cash or by a mortgage that they got. No the flipper does not get paid monthly.

Unless the flipper is offering seller financing......

[sj08054]

Originally Posted by invictus22

ok this question probably has already been answered, but if a house is flipped and then put on market, does the buyer have to pay for it whole? or can they take out mortgage on it? and if they do take out mortgage on it, how does the one that flipped it make a profit or get paid? do the monthly payments go to the flipper each month?

A house isn't "flipped" until a person/business buy and sell it over a short period of time. A buyer pays for the purchase with a mortgage or cash. A seller receives the purchasing price minus whatever cost/loan balance, just like any real estate sales. If a seller offer some sort of financing, then that is a separate scenario.

Not sure where you are going with your question.