Can I flip with just $50k cash in Trenton or other NJ area

[Rachid B.]

Hi, I own a condo that’s free and clear. I am debating if I should refinance to get $50k out and use it to buy a property in Trenton and flip it and continue to grow my cash.

Also, someone who is in the business already of remodeling, suggested to partner with me where I buy the properties with my own money and he does all the remodeling using his own and split the profit 50/50. Is that a good deal.

I appreciate any advices and tips.

Thanks you