Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Tj Troup
  • Contractor
  • Charlottesville, VA
2
Votes |
11
Posts

Picking my first flip

Tj Troup
  • Contractor
  • Charlottesville, VA
Posted

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

User Stats

29
Posts
6
Votes
Tyler Von Harz
  • Real Estate Agent
  • Brodheadsville, Pa
6
Votes |
29
Posts
Tyler Von Harz
  • Real Estate Agent
  • Brodheadsville, Pa
Replied

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.

Loading replies...