All Forum Posts by: Account Closed

@RobertTrepainer thanks for the insight I will look into it

@Carl West just get started. Find the area Of real estate that you are interested in and buy a property. When you make offers purchase 70% of retail price minus the rehab cost. Make sure you pull comps and know what the property could sell for when the work is finished. If your math makes sense and your inspections and cost of the property work. Then buy it and get started. You can do it. 

@India Brown bandit sign

Yes I wholesaled a property that I had under contract for $150k wholesaled it for $160k and it only needed $2k worth of work (e.g. carpet and paint). It was worth $220k

@William Caban I am in the process of renovating the property. After I complete the renovations I’ll rent it out. 

Will Barnard thanks 

Jon Reed I bought it using owner financing. 

I just purchased a house to flip. I now need funds to fix and flip the house. I was wondering is it possible to get a HELOC? Or are there other renovation loans that I can consider? The property is in Columbia SC. I purchased it for $65k the reno is about $25k and the ARV is $140k.

Sure just go to Detroit and buy a house for $5k and invest the other $5k in renovations and either lease it or sell it and do it again. 

Really cool 😎 story and great no money down deal.