I want to buy my first Flip Property (Need Tips !!)
Hello Keith,
I want to get into the world of Real Estate Investment. Me and my partner are looking to buy properties and flip them, our gameplan is to get a private loan for a home in the $60,000 price range. For example a home is listed at $65,000 and we offer them $52,000-$55,000 keep doing this over and over again until we get an offer accepted. Someone has to accept our offer, them try to find a buyer asap. I wan to learn the whole process on how sellers find a buyer before even closing on a property and they sometimes don even use their own money. If I en up not finding a buyer before I close on the property my plan is to sell on my own. Maybe to hardmoney lenders since they sometimes look for homes that off off the market. If I end up putting it on the market, its no biggie, I have my Real Estate license. I really dont want to hold the property no more than 2 months.
-Is that possible? (Or is this me just dreaming)
-I am not planning on getting rich in 1 year, I am looking to make $2,000-$4,000 a property every couple months. (I do have a partner)
-I am in Phoenix, Arizona
-What tips can you give me to make this happen ?
-I am not really looking into touching the property, I am looking more into homes that are livable. Not perfect but good for a family to live in.
-We are ok with generating $2k every couple months if possible