Just getting started dfw

[Sean Yeaney]

My fiancé and I are just beginning to look into real estate. We both work full time jobs an collectively make decent income. We have our current home which is a 1900 sq ft 3 bedroom 2 1/2 bath home in Fort Worth Texas. We recently looked at funding for flipping company we found on facebook and they have approved us for 70-80k they do 0 interest for 12 months and a flat fee of around 7500 from what I understand. Our question is what should we be looking to do to leverage this and get started? We're thinking of a flip to get our own capital to work with and then getting into multi family homes. Our goal is within the next 5-10 years be able to retire and not have to worry about finances. Any input would be great!

[Ross Schneider]

@Sean Yeaney

Do you have to pay the $7500 up front? Most flips take about 4-5 months (thats on the extreme end).  It sounds like he is rolling the interested and points all into one.  There are lots of lenders out there.  Don't limit yourself! 

Getting into flips is a great way to build your capital.  I have lots of investors who will flip 2-3 houses, then buy a rental and continue the cycle.  How do you intend on finding properties? Are you going to go with a realtor, or look at wholesalers? 

Happy to help with any questions you may have! 

-Ross