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Updated over 5 years ago,
First-time Flipper and Accountability posts
Hi, all...I'll be doing my first flip this summer, and I'm going to post here often to update and for accountability. (No one around me is as helpful to first-time flippers as they make themselves out to be publicly.)
My goal is to secure private money for everything--possibly one lender for the purchase/rehab, and another for down payment so that I'm not coming out-of-pocket. It seems illogical to me to spend a few years saving up funds myself as a single mom on a teacher's salary, when others have money sitting around that they can make easy interest on and a win-win for everyone. (I'm also a licensed realtor, and have researched for years and trust that I can analyze a good deal.) I'm not looking for a grand slam on my first flip...goal is to just get a deal done and if I walk away with $10-$15K I'm a happy camper. We'll go up from there.
All input is welcome, and please feel free to connect and follow my journey. :)