Ok, so I have been downsized here in Northern California from a job I hated anyway…now I have the cash to invest ( looking strongly at Texas ) to flip my first house. I have backgrounds in RE and construction. Any advice on finding properties and equally important quality people to work with (i.e. Realtors, Contractors, Investors, Wholesalers). The time is now to make the move. I am looking for some real life answers from “seasoned” investors. Thanks in advance for the advice. Steve
I think right now it is more difficult to flip properties. There are a lot of motivated sellers right now, so buying investment properties such as 1-4 unit or apartments and holding on to them is what I personally think is the best route.
I agree with Iron Range, this is a poor time to start flipping. Regardless of what real estate technique you use, I would suggest living close to your business.
Mike
ok…the only problem is I have a monthly outgoing of 6k and I need to create some cash now. Or within the next few months. I am not sure the buy and hold makes sense for my particular situation right now. However…I may be wrong on this… I am open to any suggestions. thanks again, Steve