All Forum Posts by: LeAnna Davis

So, I am a college student and completely on my own.  How would someone like me, young and having never done a flip and still learning about real estate, find a partner.  Preferably it would be one who has money since I lack finances.  But in college people I know don't have money.  I am afraid to do a flip myself since I have no money- if I made a single mistake I could lose my college career.  Any suggestions or helpful tips?  Keep in mind I don't have a car because I can't afford one so it makes it hard to go and even look at a property physically.

@Frank Patalano for me, I am a full time student in my junior year, I work 4 jobs, and I don’t have a car so I can’t get anywhere to look at potential properties. Also I have no money and zero credit. I’m also afraid that if I did get my hands on an investment I would not have enough time to profitably invest in it. Any advice?

@Caleb Jordan Thankyou this is what I needed.  The points are not the same across the board then I'm assuming right?  It would depend on the actual person or PML then?

@Jason Hirko so sorry for the late response. I am located in Pensacola FL.  Thankyou for helping.

Origination?  I am a newbie and still learning the terminology:( sorry @Jason Hirko

Ok, so I have analyzed a house but am wondering how to calculate the financing costs while I flip the house.  What are the financing costs for a flip and what does that even mean??  Somebody help me?

Hey, can anyone else help me out please? I’m still googling but am having a hard time coming up with anything.

@Ed Emmons  No. I don't think it will be 5 months rehab.  I rounded up from three.  I looked up everything I would need for the house including installation costs for what I can't do.  Down to the colors and designs of everything.  I'm hoping I can get this privately funded. If it is privately funded I can cut out the loan interest right?  And the closing costs would be less.  What about financing?

Being new.  I'm still learning the ropes and am trying to figure my first flip out and this particular one will work out. I have everything but the holding and financing costs figured.  Without those it is a 20,000 but I'm stuck trying to figure those two out.

I am a brand new investor and have a couple questions.  Ok so I have a property that I am looking at that has a potential to be a good flip.  Profit is $20,000 BUT I have not calculated the Holding costs or Financing costs yet.  For safety's sake say it took 5 months to fix this house up.  Then what?  The monthly insurance is roughly $40 rounding up.  And monthly property tax is about $130 rounding up.  Any help?  Google has not helped much these past two hrs.  What else do I need?