All Forum Posts by: Stephen Frevold

I don't have a niche yet but I'm thinking in looking in the suburbs of summit county perhaps houses around 20 to 40 years old. Since I never have done a flip before I think a live in flip will be the way to go. I have about 10,000 dollars to use for the project and hopefully that will be enough to get started in flipping house. Now that you kind of know the plan advice would be appreciated and what would be probably of better help is key people that would be able to help me do the flip. Some of the key people I'm looking for are loan officers that can do 203k loans, Real Estate Agents, Investors, Accountants, Attorneys and anyone else you would think that would be very useful to use.

Hello Benjamin, welcome to BP I am also from Akron Ohio. I also did construction right out of high school for 4 years until 2008, more on the carpentry side. I don't have any experience to share with you but if you want to start talking with a like minded person feel free to contact me.

Thanks for all welcoming me on the website.

To answer your question Riley Gilson I don't own any houses and I have never bought a house so I would be a first time home buyer. Right now I'm just paying rent for an apartment that I pay month to month.

Hello Don Young thanks for the advice. I have heard of the 203k before and looked into it briefly and it may very well be the way I go. As of right now I don't see any other better options for me to flip houses, It's not like I have a huge amount of cash where I can close fast on deals. Do you know or anyone know if I need a general contractor to agree to do the work to get a 203k loan for the rehab or can I do a lot of the work myself or sub the work out?

Thanks for the advice Robert Langley Just wondering how would you recommend to start connecting with investors on BP and also if I decide to partner up with someone that have done a few flips how would that partnership probably look like?

Hi everyone,

I was listening to a pod cast and on the pod cast they recommend to introduce myself. So here I am not sure what will come out of this. I have been a member on this site for a couple of months so far. I have read a few post listen to a bunch of pod cast, read the beginner guide on the website. I have also read a couple of books about flipping houses and estimating rehab cost from J Scott.

Right now at my stage in investing in real estate I'm trying to seek and learn about financing. I want to flip house and see what my options are to flip them with different types of financing. My credit score is 780+ been employed with the same company for over 6 years and have about 10K in the bank. I have a 401K that I can't use as a loan only can withdraw that I don't want to touch and I also have a Roth with vanguard which I rather not touch because it's a decent investment. If anyone want to give me some ideas to get financing to do some house rehabs I would greatly appreciate it.