Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago, 11/04/2018
Traveling House Flipper Idea - Thoughts, Criticisms, Advice?
Here is just an idea I wanted to run by the community. After I graduate from college I plan on staying near home for a while saving up money through wholesaling, house hacking and etc. But after I saved up a bit of money want to travel.
So here is my plan, as far as I understand you can pretty much invest in real estate no matter where you go. What I mean by that, is in theory assuming I have sufficient funds I could travel to any city I wish stay there for a few months to find a deal, go through the entire process of buying and flipping it and after it is sold move on to another city.
This wouldn't be what I will be doing for the rest of my life of course, but I would like to take a couple years to travel a lot throughout the country, and I believe this method could help me do that
I know that this plan will have a few obvious pitfall problems, but that is why I want your input to help find ways around the pitfalls such as:
- Where to live during this time?
I've thought about this some, and I figured I stay in a motel until I've secured the property then while I am in the process of flipping it live in it, and then move out when I'm ready to sell it.
- Lack Of Knowledge of the area
I figure I can get around this by doing research on the market of the area I want to invest in next before I actually head over there. Also utilizing the community here on Bigger Pockets would provide a lot of insight.