All Forum Posts by: Belliny Flores

Thanks all for your experienced input!

Hello BP community. I'm a complete newbie looking to take the dive and looking into all avenues for financing for my first flip or buy and hold. I keep reading and hearing of purchasing without using your own money but how much truth is there to that? Is it only in a perfect scenario? If so, what would that scenario be? Or is it only with private investors? Or are there actually lenders that are willing to lend 100% of the purchase plus rehab costs? Any advice would be greatly appreciated before my first plunge.

@Paul Nenoff, thank you so much for that Paul. Being a newbie I feel any piece of advice I can get is highly beneficial so I'm very appreciative amd I'll definitely look into the book.

Hello BP community! I'm an absolute newbie who is extremely excited about jumping into this world. I have a question that I cannot answer on my own and im sure many of you had this question when starting out.

Should I invest in rental or should I flip?

I know it's a loaded question but my thinking is maybe the first property I should flip so I can build up some cash reserves which I can eventually use to purchase a rental property and build from there. I love the sound of long term holding and being paid on that while it appreciates but then my money would be tied up in that property until I can save enough for another property. Am I over thinking this? Or is there a better way to think about this? Any experiences or advice you can share with me would be amazing. My market is Tucson AZ.

-Belliny Flores