Ok so I have found multiple deals in my area that I can either flip or use a rental. The only issue of course is finance. Most lenders want you to have a little invested as well. That's where my problem starts. I don't have enough for the type of properties I want to start with. I could go lower in property prices that I search for but those are in areas that most people wouldn't want to live in if they had a choice.
I am in the process of closing on a home that is financed using VA loan. My question is should I just flip the house I am currently buying to gain cash leverages for future projects or should I continue searching.
Little info on the closing home. paying 145k, its appraised at 148k. Comparable homes in the area ranges from 140k-190k.
All the upgrades to the home would just be cosmetics just to give it a high end look. No repairs needed on the home. Its 7 years old.
My original plan was to hold on to the home and make upgrades to it while living there using my own money and doing the work myself considering I can afford to do that little by little.
Any input or advice would be greatly appreciated.
