trying to make my first flip cant get funding becuase of credit
2007-11-01 03:31:31 · 3 answers · asked by tlilley_gotgame 1 in Business & Finance ➔ Renting & Real Estate
Iv been studying my books ready to get there to make my dream come true
2007-11-01 03:34:58 · update #1
This is not a good time to get involved with house flipping. While you may think you are getting a great deal, the buyer market is very weak now, with a flooded market and plenty of properties from which they can choose. I'd advise holding off on 'your dream', because it just might turn into a costly nightmare.
2007-11-01 04:06:49 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Work on your credit first, and do not believe what the books tell you, you need money to flip houses. There are programs where you can get purchase plus improvements but they are going to want to see you have money in the bank even if you are using someone elses money. It is a difficult market to get into and yo uhad better know what you are getting your self into. The pictures are not a rosy as the books present it. You may want to find a partner to work with
2007-11-01 05:58:14 · answer #2 · answered by Anonymous · 1⤊ 0⤋
those days are over you want be able to sell quickly in this market
turn it into a rent house and wait about 10 years to sell
2007-11-01 03:40:17 · answer #3 · answered by mmmkay_us 5 · 0⤊ 0⤋