Starting Out Flipping Houses
Hi All,
So I currently have a full-time job in the IT field, but looking to do a few flip-houses a year as an investment strategy plus to make a few dollars on the side. Only downside i have right now: I am 23, have student loan debt and have not been able to save an adequate amount of money to get started. I wish I were smarter in college with finances, but I think a lot of us can agree that we don't fully realize what we are getting ourselves into until getting out of college and facing the outcome; Not to mention the lack of education in school about the real world of finances and budgets (Still do not understand why schools will not incorporate this as a foundation for getting your diploma). I know there are a few discussions on here about this, but I thought why not bring it up again:
Is there a good way to get started in the market of Flipping Houses without a hefty amount of money - say going into a bank (credit union perhaps) with the deal in hand, potential ARV and profit in hopes that it would get fully funded? Unfortunately I do not have any contacts that would put up a lump sum of money like this either.
I am not in the habit of giving up on something, so it is possible that I could save up for my first deal - but of course I would like to get started on this now, as I feel I am ready with the knowledge and drive I have.
Any advice would be great!
Thanks!