I came from ghana Africa to the US in 2003.I am married with 3 boys.Been through a lot and have finally been able to save up 150k.i want to go into buy fix and flip based on the advise i had from friends.They tell me that,i am ahead based on the 150k i have saved up.i dont want to lose my money.i need a good advise on what to do.Alex
Your friends are accurate that you are ahead because of your savings. In most cases, on your first fix and flip you should expect to have to bring around 20% as a down payment on the purchase. Then 100% of rehab could be covered. There are certainly a few things to set up but I would be happy to have a discussion if you'd like to connect.
I will be glad to know more
How is your Fix and Flip coming up?