Posted by LGMay on June 09, 2000 at 14:48:47:
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L/O’s or Flips? - Posted by LGMay
Posted by LGMay on May 30, 2000 at 14:14:45:
I am very interested in REI and have read most everything on this site. My question is: L/O or Flipping, which is the best place for a newby to start?
Pros and Cons?
Thanks in advance!
Re: L/O’s or Flips? - Posted by Charley
Posted by Charley on June 09, 2000 at 12:26:30:
depends on a number of factors. how much cash outlay you’ll have in the property, how much you need cash now, what condition the property’s in and what the market’s like.
If you’re just getting started with a loan from the bank, you may want to fix the property up and resale it, if the comps. are favorable to doing so. this way you can build up your cash. If you don’t have to put much into the property, then the long-term aspects of a lease option are nice. all depends on how much money you have and if you’re thinking now or long-term.
good luck
Re: L/O’s or Flips? - Posted by Arlie Anderson
Posted by Arlie Anderson on June 03, 2000 at 02:09:58:
That’s my question as well. I am a newbie and would like to know the answer. Hopefully Jim will be able to answer this question he is really great and very motivating when he answers posts. Thanks Jim