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Updated about 11 years ago,

User Stats

4
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0
Votes
Jordyn Njoroge
  • Downtown Los Angeles, CA
0
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4
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19 with 5k saved, Invest in my first flip now or save more?

Jordyn Njoroge
  • Downtown Los Angeles, CA
Posted

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.

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