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Updated over 8 years ago on . Most recent reply

User Stats

195
Posts
105
Votes
Will Zena
  • Rental Property Investor
  • Estero, FL
105
Votes |
195
Posts

Using home equity to start flipping

Will Zena
  • Rental Property Investor
  • Estero, FL
Posted
Hi, I am brand new to the site. I was wondering if you all could give me your educated opinion on the pros and cons of using equity from my home to invest into properties to flip. If you feel it is not wise to use them what would be the best alternative for a beginner? *Also where should I begin to educate myself on this new business venture? Thank you
  • Will Zena
  • Most Popular Reply

    User Stats

    26
    Posts
    4
    Votes
    Chris Mcdaniel
    • League City, TX
    4
    Votes |
    26
    Posts
    Chris Mcdaniel
    • League City, TX
    Replied

    @ Will Zena. Hey man. I'm new to this too. I've looked at all avenues. Flips, rentals, multifamily and etc. As a beginner with not much experience my suggestion to you is to look into wholesaling properties. The risk is super low. The rewards are plentiful. Yes you need to research and spend a couple hundred bucks on learning the system but I think for beginners it is our best bet. Master that niche and other opportunities will come your way. Just my opinion but I think it's a good one considering I have been researching, networking and marketing for a while now before I have "taken action". Good luck. P.s. You tube is an awesome source as long as you can tell the real between the false.

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