Flipping the paper might make a few grand, but building a $500k house can be very lucrative.

Investment Info:Single-family residence fix & flip investment in Grand Rapids.

If you don't have 20 grand sitting in the bank you probably need to save before you start investing in distressed houses.

Maybe.Finally the 6 grand left covers the property tax and insurance with the first month rent or deposit and any other costs without a real estate agent taking more money as ill be the main guy making sure the proper paperwork gets done along with title insurance and the like, then we move in.

@Mark McGuire I would think through whether you really "need" that 18k back. 18k is not that much in the grand scheme of things, and the cost to do a re-fi to get access to that capital would probably be around 4k or so.

@Alan Eisenberg -- If the goal is to get to 100 units (and if your a Grand Cardone follower and make that 1,000 units), I would suggest you stay in an area like Albany, Troy, Schenectady.A property in the $1.25 to $2m range in the Boston area for example isn't going to get you very far.

@Amar PravinMaybe 10 grand for furniture and furnishings?

The goals is cash flow and more properties and this property would give a couple hundred grand to make that happen. 

If those are true, you just hit a grand slam. 

We shook hands in Grand Rapids last week @ RPOA.