I want to flip a house (I’m the investor, sister is realtor) - joint workers with some help from the spouses!! I’ve been focusing all my efforts and analysis on REO’s. But in reading through back posts, it sounds like maybe this isn’t the best route. I’m sort of chicken to pull the trigger because my husband keeps saying we don’t have money to lose!! I’ve done the whole business plan, income/expenses analysis, etc…
Should I just stick with my current method of finding foreclosed homes in good locations for under $80,00 which I can fix and sell for $100 (I hope), or is there something else I should be doing?
Advice or a kick in the pants to get me going would be appreciated? My first pick of a house sold this morning, so I’m feeling like maybe a let something slip away…