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Updated about 9 years ago on . Most recent reply
Picking my first flip
So because I am only 19 and very inexperienced I have been doing a ton of searching through local listings to see what types of houses are available in my local market. I have come to realize that I really need some key points and physical factors to base my decision off of. What price range should I shoot for? What are location factors that make or break a flip? How much work should I really plan on doing with my first flip? What makes a good first house to flip? Especially with very little startup capital I am looking for a lower down Payment with lighter work necessary to flip when I am starting out. I am capable of heavier work too but I have already come to find with the first flip you don't want to jump into too much work and get stuck. I am in no position to buy a house right now but am just trying to get a head start on all of my research just so I can set somewhat of a goal of what I am looking for. I am ready to really get to where I know where I want to start as a young ambitious kid without being TOO ambitious. Help?!
Most Popular Reply
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I can relate! I was 19 when I first got started (20 now) and I just bought one of the cheapest, easiest looking properties I could find just to learn the process and any lessons that might come from it. Being that I also don't have a ton of start-up capital, I figured another great way to learn is to become a realtor, this way I can work and learn in the field without putting money into properties and I can also make a little money at the same time. So far so good! Just my two cents.