What would be my first step in investing in real estate (flipping)?
12 May, 2008
cjr_mamamia asked:
I am a young, 23, and very intrested in real estate. I love to watch property buzz on HGTV! I live in deep south texas and prices are significantly low compared to the rest of the country. I could get a 4 bedroom 2 bath for under 250k! I have looked at prices and the market in my area. What would be the next step? And when looking for a bank to have my mortage, do i mention i am going to be fixing & selling within a year or so? If i get a 300k and buy a 250k home can i use the extra cash to remodle or make the monthly mortgage payments, how does that work?
I am a young, 23, and very intrested in real estate. I love to watch property buzz on HGTV! I live in deep south texas and prices are significantly low compared to the rest of the country. I could get a 4 bedroom 2 bath for under 250k! I have looked at prices and the market in my area. What would be the next step? And when looking for a bank to have my mortage, do i mention i am going to be fixing & selling within a year or so? If i get a 300k and buy a 250k home can i use the extra cash to remodle or make the monthly mortgage payments, how does that work?
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