Updated 3 months ago on . Most recent reply
Need advice for my first house flip
My wife and I just had our first baby and would like to buy a nice house in a good school zone close to family. We moved into her family's house to save money for this house and it will take us roughly 2 years to get a comfortable down payment. I would like to try and speed up the process and do a few flips to raise more capital. We will have roughly $50-$60k in the next few months that we could use to do a flip. The question is would this be enough to flip a house roughly around $250k-$350k with a hard money loan and a light rehab? And would this even be a good idea to raise capital for our primary residence.