Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Peyton LeFleur
  • Flipper/Rehabber
  • Newton, IA
0
Votes |
1
Posts

How to get money for a 19 year old

Peyton LeFleur
  • Flipper/Rehabber
  • Newton, IA
Posted

What advice do you have for a 19 year old trying to do his first flip?

I have been pre-approved for a $160k FHA loan. I current live with my parents and have been working my butt of for the last year and a half saving cash. I want to move out and buy a flipper! My goal is to turn it into a duplex and rent out the second half to minimize my mortgage.

I have found a property for $99,000, but I honest think I could get is for $85,000. Comps are about $80k-90k

The thing I'm most scared about is not being approved for a renovation loan! Do you have any ideas for what I could do about that?

(P.s. I have a 765 FICO)

Thanks!

Loading replies...