House Flipping funding.

[Meagan Ruxer]

I work as a travel RN 13 week contracts building up money to flip homes. My position has helped me build about 10k in cash. I own a home in Indianapolis foreclosure about 40k equity. I also have about 17k in 401k and 4k in stocks. Any ideas how I can start flipping? I am having a hard time selling my condo in Indy (I am attached). 

[James Holland]

Dunno if this is the obvious advice, but try to leverage your cash as much as you can. Just because you have it does not mean you have to use every penny in a rehab. In most cases, even if you have all the cash, it still may be wise not to use it and maybe crowdfund or use private funding so you stay liquid... just in case.

I would start with a small light fixer. Nothing too heavy so you can get your feet wet and see how much you like it.  See the whole process.

Then, see what parts of the process you enjoy the most... and totally immerse yourself in becoming the expert in that part of it. 

Then find the part you liked the least, and make it your goal to add a team member who enjoys that part to take care of that.

Bit by bit....ideas and projects will come together and flow.