New In Real Estate and have a lot of doubts.

[Flavio Espinal]

Hi All!

I am new to BP and Real Estate in general. I have multiple questions some of this may be dumb questions but it doesn't hurt to ask.

1- I have a Line of Credit with my Bank. Would it be a good idea to start a flipping house with that line of credit?

2- SHould i do new constructions, using my line of credit to buy and prepared the land and find a private lender to finance the vertical construction?

3- What exactly is buying from a wholesale?

4- What's the diffrent between flipping and rehab?

5- If i do a BRRRR what is the expected gross income % that i should aim (after paying the mortgage)

6- Is a good idea to start in this business with a partner? sharing 50% of the company?

I have multiples more questions but don't want to get this Discussion to big but i will appreciate any feedacks you can give me.