How do i get into flipping property with little money.?

Answer 1

By having a solid background in knowledge of real estate and construction. Yeah, it looks easy on television, doesn't it? Little money? Unless you do all the work yourself, you will need loads, licensed workers don't work for nothing and they expect to get paid when their job is done..not when you sell the house! They just don't tell you everything on those "shows".

Best of Luck and Merry Christmas!

Answer 2

I think real estate is still too expensive. It takes a few years for real estate prices to cool off to the point where investing makes sense.

If you want to make money, the best place is the stock market. If you want great investing ideas, see what the best traders are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 3

I would start by going to the bank and talking with a financial advisor or a loan officer. Let them know what it is you are trying to do. Be up front and honest with them. Do your homework first. Maybe take a photo of the house you want to flip. After you find out what the bank can do for you, find a reputable general contractor to help you find all the subs you will need. The bank may even have a few suggestions for you.

Answer 4

You, too, can get one hundred% financing for an investment assets! right this is how: First, build a time-trip gadget that gets you back approximately 5 years. 2nd, pass into any subprime lending save. third, breathe. they are going to provide you the private loan. (respiration is elective, as some lenders did no longer even require this.) heavily, those days are long gone. That lending type - lending fairly some money to those with little or no earnings, has been the tip to New Century, Fieldstone, Ameriquest, etc.

Answer 5

You need to partner with someone who does have money.
You buy the house, your partner supplies the money. You live in the house, and put in a few improvements to increase the value of the house. After you've lived in the house two years, you sell it. Your partner gets his original money back. The two of you split the capital gains (which can be substantial -- my neighbor made about $130,000 by living in the house for two years).

Answer 6

Go here to this link and read the profile page of these companies as you will see their stock symbols inthe right hand navigator bar. Ask these companies if they have DRIP's you can invest in. A DRIP means Dividend Reinvestmet Plan.

http://www2.barchart.com/sectors.asp?sec=reit~-~residential.sec&level=2&title=REIT+%2d+Residential

Answer 7

If you have to ask you may as well forget about it.

This is hard even for those that know what they are doing.

Answer 8

You cant, you need capital, and good equity.
The rich get richer!