J
James King
New Member
Hello, I am new to this forum.
I am interested in fast cash turnaround, and I thought house flipping, buy-upgrade-sell, might be a good idea.
A typical scenario would be to buy a home for say $200,000, light upgrade costs around $30,000, then sell within 2-3 months for around $280,000.
I have some basic questions:
(1) Is there a market for flipping homes in Texas -- if so any particular hotspots?
(2) Are lenders willing to loan for flipping?
(3) How do you identify homes at the right price -- who do you go to?
(4) What are the best strategies, pitfalls, threats?
Any advice on this topic is welcome.
I am interested in fast cash turnaround, and I thought house flipping, buy-upgrade-sell, might be a good idea.
A typical scenario would be to buy a home for say $200,000, light upgrade costs around $30,000, then sell within 2-3 months for around $280,000.
I have some basic questions:
(1) Is there a market for flipping homes in Texas -- if so any particular hotspots?
(2) Are lenders willing to loan for flipping?
(3) How do you identify homes at the right price -- who do you go to?
(4) What are the best strategies, pitfalls, threats?
Any advice on this topic is welcome.
