I do have a partner and we are bankrolling the down payments ourselves at 20% equity with a local bank for additional financing.My question is.

If your goal is to do this full time, start out with a few house flips first so you can build a good size bankroll.

@Markia Dunn  I was actually thinking about your post today, I should also mention the wholesalers that are playing the auction wholesale game here, are also bankrolled very well. 

You may be better off using traditional financing unless the condition of the property prohibits this.Otherwise as others have suggested, you may want to consider wholesaling to bankroll your first investment.I'm a local agent in LV, and I'm also an investor, so please let me know if you want any additional insight. 

Hi I am new to this, a partner and I are looking to purchase rehab and flip properties In Houston.My partner will bankroll the whole thing cash and that is it.

Hi Tracey,I took the 3 day seminar last month and it is a good program if you can afford the 20K AND have money in reserve to bank roll your RE deals.

By then you should have enough bank rolled that every flip you do can go to buying another rental.

Play within your bank roll, if you aren't prepared to take advantage of this particular deal then just pass and get prepared for the next deal.

Play within your bank roll.If you have to get too creative then you probably aren't prepared for that level of play.Master your current game and build a large enough bank roll so you can tip toe to the next level. 

Look at your bankroll as a gauge of your preparedness to get into this game.