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All Forum Posts by: Deborah Mackey

Deborah Mackey has started 1 posts and replied 1 times.

Starting Out

Post: What do I need to do from here to start flipping?

Deborah MackeyPosted
  • Posts 2
  • Votes 0

I currently have a rental property I bought for $79k that is being leased out currently with the same tenants in it for 4 years. I have around $69k left on the loan (FHA). The value as of today stands at $100k. I want to buy my first flipper but I do not have the funds to do so. Is there a work around to this? Would I need to get a home equity loan? I'll have about $10k around March if I need to wait. I know it isn't much but I'm just trying to figure this out. I'm in the process of getting my real estate license and I eventually plan to buy a 4-plex. Thanks!

0 Votes