Читать книгу Flipping Houses For Dummies - Ralph R. Roberts - Страница 67

Chances are good that you have no actual piggy bank, and if you do, it probably doesn’t have much in it. However, you may have some money stashed away in savings and checking accounts or certificate of deposit (CD) accounts. You may also have savings bonds stuffed in a drawer or a lockbox that people have gifted you over the course of your life. A few of them may have matured. See how much money you can scrounge up from what you already have on hand. It may not be much, but it can help finance repairs and renovations.

You need to have money to buy and renovate a property and additional funds — at least 5 to 10 percent of your total cost — to prepare for the unexpected, such as a furnace dying in the middle of winter. You may have enough cash stashed to cover the unexpected expenses.