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Updated over 7 years ago on . Most recent reply

User Stats

35
Posts
8
Votes
Jason Guinard
  • Hackensack, NJ
8
Votes |
35
Posts

Advice for newbie not quite ready to,pull the trigger

Jason Guinard
  • Hackensack, NJ
Posted

Hello all.  I am just a couple Months in to my new quest in the real estate investment world.  Looking to "start out" by flipping single families.  I have been extremely motivated in reading books, watching video's and reading conversations here, but  I don't think I am ready to pull the trigger just yet .   I am looking for some advice on a property I saw that, on the surface I think it looks like a winning deal.  What's the "right" or a good move from here?

I have not yet secured outside funding, but, I own a home now that I live in w/ 70k equity, very good credit, work full time (65k)

Found a home in pre-forcloser 3 bed 2 bath, in ground pool that is estimated at $303k, Zestimate $341k, needs minimal work (5k mostly landscape ),  10 comps  in area from 300-420k.

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