Posted by Jason-DTX on November 01, 1998 at 15:45:54:
L/Os are a great way to start. You don’t need money or credit to do them.
You don’t need money or credit to do flips either, however it takes a little more knowledge.
You shouldn’t have any problems finding investors if you live in a decent size city. The money you make on flips depends on how good of a deal you tie up. You need to consider purchase cost, holding cost, selling cost, repais, the retailers profit, YOUR profit, and misc. expenses. You need to know all this before you make your offer so that you don’t offer too much. You also need to be able to figure all this out quickly because “you can’t steal in slow motion”. Its easy stuff to learn but you need to learn it first or you will learn it the hard way.