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Updated about 3 years ago on . Most recent reply

User Stats

3
Posts
3
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Dashawn Anderson
  • New to Real Estate
  • Acworth Georgia
3
Votes |
3
Posts

Real Estate Flipping

Dashawn Anderson
  • New to Real Estate
  • Acworth Georgia
Posted

Hey my name is Dashawn Anderson I am 20 years old and I am new to flipping houses however I have been flipping cars and other items since I was younger so I believe I have the concept down I just need a little help. I currently work at Publix part time and I have my own Lawn care and pressure washing service on the side as well as renting out a shop so I can paint and flip cars.  I am  located in Acworth Georgia I'm mainly looking for something I can house hack or flip and at least 2 bedrooms and 2 baths and space to add more as well, I would love to find a Property Near by, Thanks.  

Most Popular Reply

User Stats

910
Posts
660
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Taylor Dasch
  • Real Estate Agent
  • Temple, TX
660
Votes |
910
Posts
Taylor Dasch
  • Real Estate Agent
  • Temple, TX
Replied
Quote from @Dashawn Anderson:
Quote from @Taylor Dasch:

I'd definitely find a REA in that area that can help you with your journey and lead you down the right direction.  If you can qualify for a loan, then a house hack would be a really good option.  If not, I would flip homes using hard or private money until I had enough for a down payment and then purchase a property. In my market, additions are typically not worth the extra cost, and work, and they normally dont fit well with the property, however if they did a good job, and the property still conformed with the neighborhood, I would imagine that it would add a decent amount of value. 

Ok Thanks i really appreciate the advice, and yes I can qualify for a loan but will keep in mind flipping would be better!
Just to be clear, in my opinion, if you can get the loan, buying and holding is better in general. Sometimes you have to flip to scale, but I would always flip with the intention of acquiring properties to buy and hold.
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