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Updated over 1 year ago on . Most recent reply
Interested in flipping homes in Alabama or Tennessee
Hello my name is Felicia. I have some money in a pension plan from my ex-husband that I am thinking about using to start flipping homes. I live in Atlanta but am looking to flip in Alabama or Tennessee. The amount is over $42,000. I want to get my hands dirty and learn as much as i can regarding flipping homes. Any advice on if this is something I should do? Thank you in advance.
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Quote from @Felicia Jenkins:
Hello my name is Felicia. I have some money in a pension plan from my ex-husband that I am thinking about using to start flipping homes. I live in Atlanta but am looking to flip in Alabama or Tennessee. The amount is over $42,000. I want to get my hands dirty and learn as much as i can regarding flipping homes. Any advice on if this is something I should do? Thank you in advance.
Flipping is risky and highly taxed.
I think you'd be wise to team up with someone who is experiened and that you trust and do it locally for the first few. A lot of flips are losing money right now.
Join a local REIA (NationalREIA.org) and meet some people.