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Updated almost 7 years ago on . Most recent reply

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James Freeman
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New to this, need advise on where to begin

James Freeman
Posted

Interested in the Austin Market, not sure where to start. We own our home and would like to start looking at either flips or buy and hold but it seems like buy and hold mostly would be a cash negative situation in our area  - is that correct? Any guidance on our market specifically or how to better educate ourselves on this new journey ?

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229
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Beau Fannon
  • Real Estate Agent
  • Austin, TX
259
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229
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Beau Fannon
  • Real Estate Agent
  • Austin, TX
Replied

I tell people to start with pre-qualification at a credit union so you can see what you can afford. Really no point playing in Austin if you're $450,000 in debt and have a credit score of 502. 

Sure there are lots of other avenues you could pursue but it's best to know yourself before you travel those roads. 

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