Don’t have available cashlfow

[Chris Rose]

Not sure where to start on investing. I’m still a newbie and learning daily. My wife and I are trying to get a business plan started and not sure what we should start with. We have student loans about $30k. Our other debt is vehicles totaling about 70k and others totaling in $10k. Right off the bat I don’t think that going for a loan to buy a property is the best bet here.

We would like to start flipping properties to raise some capital to get us going. My first thought is to find some seller financing. I don’t think turn key is a bad thing but I don’t see it as profitable given this situation. Another option I would be willing to entertain is partner with someone who’s flipping and help with the properties and in return gain a percentage of the profit.

How would be a good way to try both of these options? Also do you have some sort of other idea to raise capital? Our goals are to raise capital to start flipping properties and get to a point of doing about 5-10 a year.

Any and all information is much appreciated. I’m in the north Dallas area if that helps at all.