First Time Home Buyers Looking to Start Flipping

[Elycia Longest]

Hello BP,

First time posting and complete newbie here. I am reaching out today because my husband and I have decided we want to get into house flipping. We still have a lot to learn so I am hoping you might be able help us figure some stuff out. 

We are currently renting to own from my husband’s uncle and are getting an incredible deal on modular home within a modular home park. According to some of my comps we stand to make a pretty decent profit selling in the hot market but we want to sell before we have paid the house off and move into another house that we can rehab then flip.

I would love any information you can provide to help us figure out what kind of loan is typically best when the time comes for first time home buyers through a lender. My husband has reservations about selling before we find a house but I think we would need to sell before we can buy so we can use some of the profit for the down on our next project. Does anyone know how we make that happen without being homeless? Hahaha. Seriously, any advice is greatly appreciated. Thanks so much!