Beginner: Flipping homes

[Amrakh Rustamov]

I’m really new to real estate but I’ve had my eye on it for the longest time. I have some money and can get some credit line for buying a house for a flip. Iam really scared to pull the trigger on one though. What do y’all suggest? Should I jump into it?

[David Ripplinger]

@Amrakh Rustamov Yes. Ask others to verify your numbers before you close on a deal, and at least for your first one get a good inspection report and full scope of work from a reputable contractor before closing on the deal.

Alternatively, if you want to take a bit less risk to start out but still get a nice return, you can be a private money lender to someone else doing a flip.