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Updated over 9 years ago, 03/17/2015
New Member - Near Lake Norman & Denver, North Carolina
I'm new to Bigger Pockets and have started listening to the Podcasts. We've been in the area for 11 years now and are working on our first FLIP, which is actually the home we've been living in for those 11 years. It's a work in process of course.
We are hoping to take our equity and roll into another home that we can FLIP. The plan is to move into the new project so we can upgrade it as we go and don't have to worry about timing and such. The key for me and one of many reasons we haven't done this before now is finding a deal! Listening to the Podcasts, many people seem to think this is easy! This is my biggest concern.
My other concern is the transition from selling to buying and what to do with 3 kids and 6 cats while all this is transpiring! Yikes. In this regard, I have been leaning towards going ahead and start looking for a deal while we complete renovations on my current home. I can qualify for traditional financing although not certain of how much. Probably should just look into pre-approval. Otherwise I will be looking at temporary housing.
So much to think about. But that's why I'm on Bigger Pockets.
I would love to hear from anyone in my area.