I am currently in my second last year of high school and really interested in eventually starting a full time real estate business after I graduate university and get some experience in the field. However, Im not completely sure yet what type of investing Id like to do. I have two questions regarding wholesaling/flipping properties:
Is it possible to make big money ($250,000 plus for example) putting houses under contract and flipping them to other investors if you do it well and spend alot of time on it, or is it generally too hard to find that many deals and better for part timers or people just starting out in real estate?
Assuming it IS possible to do that many deals and make alot of money, do you need to have alot of capital to do this? For example, if I have 10-15 properties under contract at once would I need to have a massive amount of capital in the bank? If so, approximately how much assuming they were $80, 000 or so homes. Say I had $30, 000 in the bank but tied the money up in a rehab project of my own on the side, would i have to put on hold putting houses under contract?
Any help would be appreciatted. Thanks in advance.