Looking to get my hands dirty!
Hi ya’ll! My name is Dillon Lewis and I’m just looking for the right direction or some mentorship on flipping houses. I’ve been listening to books and podcasts per bigger pockets. I recently had my first child, and I’m just looking to build a little wealth and work hard for her but also have the potential to be home with her a little more. Any and all help or connections is appreciated!
Most Popular Reply
Hey Dillon! Congrats on your first child. Enjoy it while she is young. You did not pick the best time to start down the flipping road because interest rates have risen, demand has gone down and yet sellers are still hoping for an inflated value.
My first flip was a two family where I lived in one unit and renovated they other, then reversed the residence and renovated the other unit. It would be pretty hard to renovate a SF while living in it with a baby. But, in this climate the risk is great and the reward small for a straight up flip due to carry cost and transaction costs.
Be careful. A loss will be very discouraging.