Posted by Rich-CA on July 19, 2007 at 11:59:39:
First, you need to study your market. Are houses in the area moving or is it taking forever to sell. Since flipping rests on quickly moving the property from you to the seller, a very slow market will not help and you could be stuck with a property that just won’t move. If you have no money, you’ll need to find someone who does. Probably not a “lender” because they will wnt you to have some of your own money in the property, and you say you have none. That kind of leaves family and partners.