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Updated about 2 years ago on . Most recent reply

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Sammy Hachani
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Massachusetts Flippers and Investors! Guidance/Partnership on first deal!

Sammy Hachani
Posted

Hello Bigger Pockets community,

I'm a 24-year-old medical sales professional who is eager to begin my real estate investing journey with a fix and flip deal. However, I only. have a small amount of capital saved up (30k for full transparency), so I'm hoping to learn from the experienced members of this community on how to make smart investment decisions.

I'm looking for any educational resources, personal experiences, or tips on finding deals, analyzing properties, and negotiating contracts. Any insights that could help me increase my knowledge and understanding of real estate investing are welcome.

Thank you for taking the time to read my post, and I look forward to learning from the Bigger Pockets community.

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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

That's currently not enough for a flip as they would require 20% down payment, I would focus on learning more about the process and saving more money before you engage in the venture. Boston is an expensive market to enter if you dont have at least $100k for reserves and down payment. 

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