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Updated about 2 years ago on . Most recent reply

User Stats

6
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3
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Kiley Boss
3
Votes |
6
Posts

Newbie and need help

Kiley Boss
Posted

I am just starting out with investing and need any help and advice. My husband and I have rehabbed our last 3 homes ourselves and made some decent cash. My husband is in school now and I am a stay-at-home mom with four children that I homeschool. We don't have the time to rehab homes now and I would like to find a good general contractor and or subcontractors to do my rehabs now. I also have quite a bit of student debt to pay off and wondering anyone's opinion on doing house flips versus doing long-term rentals to get those paid off. I guess my biggest question on that is what does your take home end of being with a flip and after paying capital gains. I'm a little nervous being a newbie and starting off in this market think if I find the right deal I can still make some profit. So any advice would be great and any recommendations for a great team from real estate agent to contractor to inspector in the Tulsa area.

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