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Updated over 5 years ago on . Most recent reply

Jonathan Simmons's profile image
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Jonathan Simmons
  • Member since Jul 24, 2019
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Jonathan Simmons's profile image
Jonathan Simmons's profile image
Jonathan Simmons
  • Member since Jul 24, 2019
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Jonathan Simmons
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Rehabbing & House Flipping

I have 100k to start flipping

Jonathan Simmons
Posted

So I sold one of my businesses now I have 100k and I want to flip a house. But I'm scared to death I will pick a house with no money to made at the end. Asking for advice?

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Dante Foreman's profile image
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Dante Foreman
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  • from Owensboro Ky
  • Member since Jan 19, 2018
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Dante Foreman's profile image
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Dante Foreman
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  • from Owensboro Ky
  • Member since Jan 19, 2018
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Dante Foreman
  • Investor
  • Owensboro Ky
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Dante Foreman
  • Investor
  • Owensboro Ky
Replied

Hey Johnathan you want to flip a house with a 100k that's great you're blessed. Do research in your market find a home that you can purchase for maybe 35 to 50k. Put 30k for Renovations and try to sell it 100k.  If all else fails you can rent it out for however rents are going in your market. Buy a few books from here listen to a few podcasts before making any decisions good luck on your endeavors 

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