Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 4 years ago,

User Stats

1
Posts
0
Votes
William Perry
0
Votes |
1
Posts

How to make an offer on your first fix and flip?

William Perry
Posted

Hello everyone, I'm a 25 year old college senior. With graduation approaching within the next year, I am looking for ways to quickly pay off my student loans and build extra wealth. I am thinking flipping a couple houses would be a great way to achieve this goal. I have currently found a business partner (aka my sister) and together we have 10 to 20 thousand to put down on a piece of real estate. In my area (Dalton, Ga) properties are not lasting long on the MLS. They usually become a pending sale or contingent within one day. My biggest question is, how do I go about sending in an offer? Also what if I send in an offer and then can't get the financing, does that make me look bad in the real estate world? And lastly we are wanting to use a hard money lender for financing and rehab cost. I would really like to get pre-approved for a loan before I start putting offers in, if this is even possible. I have googled pre-approved fix and flip loans, but I'm not really having any luck. If anyone has any suggestions or advice, please comment and let me know. All will be greatly appreciated!

Thanks! 

Loading replies...