All Forum Posts by: James King

Thanks everyone for the great advise -- lots of leads to follow, exactly what I was looking for.

On the last message, from Mike, I might be lucky in that scenario as I am expecting a windfall soon and that might allow me to invest without interest payments (at least most of it). Certainly would bring down the costs and uncertainties involved.

Thanks again!

Thanks Kevin. What book are you referring to?

That is indeed a lot to digest, and a lot more taxes and costs and commitment than I thought. I'll have to rethink my strategy -- maybe even drop the idea and do some other form of property development; my thinking was flipping as a side-hustle --but from what you describe its a full-time commitment, which I do not think I am prepared for at the moment.

Thanks for the advice.

Hello, I am new to this forum. I live in Texas.

I am interested in fast cash turnaround, and I thought house flipping, buy-upgrade-sell, might be a good idea.

A typical scenario would be to buy a home for say $200,000, light upgrade costs around $30,000, then sell within 2-3 months for around $280,000.

I have some basic questions:

(1) Is there a market for flipping homes in Texas -- if so any particular hotspots?
(2) Are lenders willing to loan for flipping?
(3) How do you identify homes at the right price -- who do you go to?
(4) What are the best strategies, pitfalls, threats?

Any advice on this topic is welcome.