Flipping - Posted by Robert

Posted by Darryl on March 26, 2006 at 16:42:01:

I live in the Los Angeles area. I would like to start flipping. I have never flipped prop, but I have a pretty good idea of how it works. So, I need some end buyers who can close quickly. dsgreen33@yahoo.com

Flipping - Posted by Robert

Posted by Robert on March 18, 2006 at 23:55:54:

I would like to start flipping houses, but not sure how to get started. My question is should I get a house under contract and sell the contract or should I buy the house myself and rehab it and then sell it. Are there any books that I could read to gain more knowledge on this subject? Any help will be greatly appreciated…


Re: Flipping - Posted by Tonya

Posted by Tonya on March 21, 2006 at 04:17:53:

You should definetly have the ability to be liquid if you are interested in flipping. As an investment property most lenders will only loan 75-80 LTV.
Your best bet is home that needs minor cosmetic repairs, and has been placed on the market for well under market value. The most important key is choose a property that is part of an area doing really well.