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Updated about 12 years ago on . Most recent reply

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Grant Shafranski
  • Minneapolis, MN
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Advice needed on first house flip!

Grant Shafranski
  • Minneapolis, MN
Posted

Newbie here in Minneapolis looking to flip my first house, but it is bank-owned and I need to move quickly.

I am young and have not owned any property before. Will $10,000 be enough for a down payment on a $169,000 bank-owned house? Where is my best option for getting pre-approved for a mortgage? Any recommendations for a good real estate agent in the north metro?

I'm hoping to be able to get a mortgage for $210,000 so that I have room for $40-50,000 in renovations.

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