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Updated about 9 years ago on . Most recent reply

User Stats

4
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3
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James Soils
  • Real Estate Investor
  • Los Angeles, CA
3
Votes |
4
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Real estate investing

James Soils
  • Real Estate Investor
  • Los Angeles, CA
Posted

I have a question that maybe you can help me with, I 've successfully flipped a few homes

years ago before it was even called flipping but my wife and I were employed  with full time

jobs. My wife and I are currently disabled and our incomes are derived from being retired.

Can we invest in real estate if we live on a fixed income ?

Most Popular Reply

User Stats

111
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33
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Johnathan Alesso
  • Investor
  • San Diego, CA
33
Votes |
111
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Johnathan Alesso
  • Investor
  • San Diego, CA
Replied

Hi there,

You may want to consider learning about tax lien deals.  You could plausibly purchase a tax lien property for under $10K without the need for financing.  You can then either flip and sell or flip and hold.

If you have a bit of capital, you may want to look in the investor marketplace for low-cost deals in bargain cities such as Cleveland, Memphis, Milwaukee or Memphis.  If you can locate a quality property manager you can easily invest from out of state. 

Good luck!

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