Beginner in Marietta / Atlanta

[Rahib Karim]

Hello!

I am beginner in real estate investing and am looking to invest anywhere between 15-20k. My goal is to get into flipping but I have a few concerns which I am not sure how to approach. Is hard money a good option for a first time flip? I have a full time job in IT and make a decent earning so income and credit would not be an issue. I do not have anybody I know who could offer private money. At this point I am not sure on what other options I have in terms of getting funding. I am also considering partnering for my first deal but I just want to get a few different point of views before I choose a route. Would love to hear what some of you guys suggest! 

[Nghi Le]

If you're brand new to flipping, you should expect around 12% and 3 pts.  Down payment as low as 10%, but need to show some additional reserves, so it may look like 15-20% in the bank.  You're right at the bare minimum there with $15k - $20k, but it can work.