What do i need to get started in buying and selling real estate
2007-07-21 13:17:33 · 4 answers · asked by vamoffett61 1 in Business & Finance ➔ Renting & Real Estate
You could need up to about 50K to get the materials and labor and to pay the closing cost and monthly payments on the flip house. Some of it can be put on credit cards but then you have those payments.
2007-07-21 13:52:14 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
Attend real estate workshops when they come to your town. Read books on Real Estate Investing and specifically on flipping properties. There's a show on cable - (I think HGTV) that talks about flipping properties.
Build your credit.
Build your financial base - good to have at least $10K
If you don't have it - start building your cash base. Cash gives you access to better deals - but you will still mostly use other people's money.
Consider: http://urlfreeze.com/1/FundRaiserPro/
or
http://www.goodshephard.free1up.com to help build your cash base.
2007-07-21 13:26:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'd head to the nearest bookstore and pick up a book dealing with house flipping. There are several TV shows out now that have good advice for new flippers.
2007-07-21 13:21:32 · answer #3 · answered by budjon 2 · 0⤊ 0⤋
What do you need? Money. Lots of it.
It isn't as easy as all the shows on TV seem to make it, and with so many people trying to enter the flipping market, it is driving up the prices of prospective properties.
2007-07-21 15:22:34 · answer #4 · answered by godged 7 · 0⤊ 0⤋