Look for Strategies

[Tina L King]

Hey Good people,

Can someone please tell me what advice you would give someone with little to no money going in to do their first flip? Since all of this money is being borrowed and paid back in a short amount of time. This is what I'm thinking, since everything is based off loans, I'm thinking of getting a 1-3 percent loan as a down payment going in and the rest through lenders, can this be done? I have a nearly perfect credit score and I'm gambling on that for my first project. Anyone else have sound advice? Thank you all 

[Morgan Tondre]

Quote from @Tina L King:

@Evan Polaski Thank you for this knowledge, I am definitely looking to shadow someone here in Houston, there's so much I want to learn about before I just jump in. I do have a question about being a first-time investor, would it be better to go in as a traditional buyer, live on property while fixing? because I'm thinking no one can really tell you when to sell your property, since it would be difficult to get a loan from a private/hard lender first off. Is there a strategy for that?

Tina, make sure come to the next monthly meetup with Space City REI (Usually about 30-40 Investors/Agents show up!) on September 25th and network but also learn from the guest speaker about rental investments :) https://www.spacecityrei.com/