19 with 5k saved, Invest in my first flip now or save more?

[Jordyn Njoroge]

Ive been saving my earnings to get my first house to flip. I am just starting out but from what ive read i can get a loan on a cheap house with 5k as a down payment.. what would be a smart choice for me/

invest now and work on renovation?

save up more and than act on it later?

one forum said no matter what the house will eventually get sold getting a big return but it could take anywhere between 1 month, 6 months, to years.

Young and ambitious but dont hold enough wisdom in the industry to decide a good decision.

[Chris K.]

I personally would save up alot more money before trying to flip. That 5k would cover a down payment but where are you going to get the money to rehab or carrying costs you need for all the months it doesn't sell.

Whoever said "no matter what the house will eventually get sold getting a big return but it could take anywhere between 1 month, 6 months, to years." is incorrect. People have taken losses on flips.