All Forum Posts by: Kayla Palmieri

I'm currently searching for a house to flip, and I noticed under the "by owner & other" there are a ton of foreclosed homes. They are all listed as "est." and then whatever the price is. For example, there is one that I am interested in that says "est. $670" and when you scroll down it says, "this property was foreclosed and now the lender is selling it for $670". Next to the price it says you have to then connect with a foreclosure specializing agent. My question is probably a bit silly, but does anyone know if that's the actual for sale price? That seems unrealistic even for a foreclosure. I plan on talking to my realtor soon, but I figured I would try here first. Thank you in advance for any help!

Hi! Me and my dad (contractor) are looking to get into house flipping. We took a course recently and one of the main points the guy stressed was to just "get the house under contract" asap and then do the inspections and any other due diligence after. Things are selling SO incredibly fast where I live so this makes sense. The only thing we are a bit confused on is he said you can simply "back out" of the deal if you change our mind...but how would you just "back out" of the contract if there is nothing actually wrong with the home? Would you lose a large chunk of money? The instructor was not very helpful so I figured I would ask here!

Hi! My name is Kayla and I'm 18 years old. After over a year of searching I finally found a property that I want to buy as my first fix and flip property. The problem I am facing is that I have more than enough for the down payment and fees but not enough to do all the renovations. I have been saving every penny I make and have about 27k right now. I was looking into getting a loan but I'm not sure how that would work with me being so young. I did have a job for "3 years", but I don't think it would count because it was seasonal so legally speaking, I think I only worked about a year and a half. I'm also concerned about credit. I opened a card half a year ago to start building my credit but for some reason I still do not have a credit score...possibly because it's a relatively new account.

Anyways, to shorten this long story does anybody have any tips or helpful information on how I could get the money for the house? I'm very lost on where to start. I would greatly appreciate any help!!