Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Buying & Selling Real Estate
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 almost 7 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
Kenny Keating
0
Votes |
9
Posts

my first house flip, help!

Kenny Keating
Posted

so i'm leveraging my rental property's equity to produce a 5% down payment on a second home.  I have 40,000$ in equity in the rental house and the second house i am looking at is going for 224,000. my real estate agent says it can go on the market for 300,000 with the right cosmetics. I'm skeptical, the other houses he has shown me sold for 285,000- 300,000 looked alot better, plus they had a garage and this one didnt.  They are taking offers in 4 days. could i post the pictures and others sold on the market and get some advice?

Loading replies...