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Old 06-11-2015, 04:37 PM
 
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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?
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Old 06-11-2015, 07:28 PM
 
10,296 posts, read 6,593,857 times
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Originally Posted by invictus22 View Post
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.
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Old 06-14-2015, 01:03 AM
 
Location: Kansas City North
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Originally Posted by so954 View Post
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......
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Old 06-15-2015, 08:04 AM
 
Location: Mount Laurel
4,146 posts, read 8,451,480 times
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Quote:
Originally Posted by invictus22 View Post
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.
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