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Updated over 5 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Anthony Barone
  • MI (michigan)
1
Votes |
12
Posts

How much money do I need to save?

Anthony Barone
  • MI (michigan)
Posted

Hello! I am Anthony from metro Detroit area, I am very hard working welder that is tired.. lol

Right now I am currently in the process of saving. I have 5k in savings and 2k a month free. I am interested in flipping.

How much should I pool together to do a hard money strategy?

Do you suggest another creative way to fill the gap between where I am now and the void to get going on a flip?

I'm looking at homes between 40-60k (PP) and around 20-40k (Rehab costs) also in the market with 120-150k (ARV).

I have not 100% done a full analyzation of a specific property.

Thank you for reading my post. I’m not sure if there are many posts like this or not.

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