Updated almost 10 years ago on . Most recent reply
Picking my first flip
So because I am only 19 and very inexperienced I have been doing a ton of searching through local listings to see what types of houses are available in my local market. I have come to realize that I really need some key points and physical factors to base my decision off of. What price range should I shoot for? What are location factors that make or break a flip? How much work should I really plan on doing with my first flip? What makes a good first house to flip? Especially with very little startup capital I am looking for a lower down Payment with lighter work necessary to flip when I am starting out. I am capable of heavier work too but I have already come to find with the first flip you don't want to jump into too much work and get stuck. I am in no position to buy a house right now but am just trying to get a head start on all of my research just so I can set somewhat of a goal of what I am looking for. I am ready to really get to where I know where I want to start as a young ambitious kid without being TOO ambitious. Help?!