All Forum Posts by: Ryan Redmond

Yeah, you're probably right. My house should be fixed, staged and ready to sell by April so I guess that's not really that far off. That should also give me enough time to pay off a few grand of credit card debt and further educate myself on the nature of the business, thus further reducing the inherent risks in flipping. Might as well get the extra experience by flipping my current house first anyway, right?

Thanks for the sage advice, Jose. I really appreciate your input. 

Hey, everyone! This will be my first foray onto the forums after listening to a few dozen of the podcasts and reading many of the great articles on the site. One can only hear Josh and Brandon tell one to start participating in the site so many times before finally giving in. 

So here's my conundrum- I really want to get into house flipping as soon as I'm knowledgeable enough to do so safely, but I have about $80k in debt. This includes my house, car, and credit card. I'd really like to do a flip or two to pay off my car and credit card debt (about $22k total) to free up more income at the end of the month to put towards  future investing. Then I plan to flip my current house (which I bought well below market price and am currently fixing up) and should make a decent profit off it, making me debt free.

I figure it should only take one or two flips to take care of my non-mortgage related debt. Is this realistic or should I work on slowly paying down my debt before even taking a stab at flipping? Eager to hear your thoughts!