Flipping houses?

[ARFNSX]

If you have 20K that is good to do about 3-4 house. I have been doing this on the side for years and it is a great way to make extra money and build up your portfolio. And when you say flip, how how money do you need to put into it if you even need to do so? I have tons of info in my head we could do a siminar.

Today you can get into several investment properties with little to no money down. I word of thumb to become sucessful is to always use other peoples money whenever possible.....keep all of your liquid money liquid for better use.

[Danny]

If you have 20K that is good to do about 3-4 house. I have been doing this on the side for years and it is a great way to make extra money and build up your portfolio. And when you say flip, how how money do you need to put into it if you even need to do so? I have tons of info in my head we could do a siminar.

Today you can get into several investment properties with little to no money down. I word of thumb to become sucessful is to always use other peoples money whenever possible.....keep all of your liquid money liquid for better use.

yes. keep as much liquidity as possible, you might need it. BUt you mentioned buying at the court house steps, they require you to have cash for that! but, if you get it from a private seller you could do an Option ARM loan, becareful, make sure u understand how that works befor signing papers there are pleny of other routes if you buy from anywhere but the courthouse steps. and yes, 20K is enough to start a few small projects. I am not sure how the banks like the ROI on these small projects your talkin about. But all the ones i deal with, banks love the 30% ROI range (food for thought) thats how i usually judge the inital potential of a project. good luck. oh and for the most part "use other peoples money" like the person i quoted said But like anything, rules are ment to be broken, so dont take that to heart.

lamar, your thinking way to long term. if he was to do an Option ARM loan, yes he would even come close to touching the principle. BUT, he ROI should be much great than his investment + intrest. And if your only planning for 10% ROI, that just seems crappy and unsafe, but then agian, i dont do these types of projects, i do land development.

I hope the above made sense, i have been working all day and then had a night class, so my brain is a little fried and my spelling and grammer are probably not up to par. sorry.