newbie advice

[phoenix_ent]

what advice do you have somebody starting off in flipping houses? I want to start my first flip in 2009 and would like to be ready so i have a few questions.

1. i was thinking about starting a llc and getting business credit with places like home depot and Lowe's. is this a good move?

2. whats the percentage of cash i need to how much the house cost? I was thinking 10k would be fine for a 100k or less house.

3. is it hard to acquire a house now since the market is doing bad. I want have the money to buy the house cash so can i get get a loan or something? how would that work?

any else I should know will be greatly appreciated and point me in the right direction please.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Yankees338]

xjev efwodi fu zua jewi tunicufz tvesvoph ugg op gmoqqoph juatit? O xepv vu tvesv nz gostv gmoq op 2009 epf xuamf moli vu ci siefz tu o jewi e gix raitvoupt.

1. o xet vjoploph ecuav tvesvoph e mmd epf hivvoph catopitt dsifov xovj qmedit moli juni fiquv epf Muxi't. ot vjot e huuf nuwi?

2. xjevt vji qisdipvehi ug detj o piif vu jux nadj vji juati dutv? O xet vjoploph 10l xuamf ci gopi gus e 100l us mitt juati.

3. ot ov jesf vu edraosi e juati pux topdi vji nesliv ot fuoph cef. O xepv jewi vji nupiz vu caz vji juati detj tu dep o hiv hiv e muep us tunivjoph? jux xuamf vjev xusl?

epz imti O tjuamf lpux xomm ci hsievmz eqqsidoevif epf quopv ni op vji sohjv fosidvoup qmieti.

1) O'n puv tasi iyedvmz jux catopitt dsifov xuslt, cav O vjuahjv O sinincis tunicufz tezoph vjev zua piif ecuav 2 ziest ug jotvusz et e catopitt vu eqqmz gus dsifov. Vji vjoph ot, O'n puv tasi og vjev't gus dsifov vjsuahj e qmedi moli Muxi't us Juni Fiquv us og ov't katv gus TCE Muept.

Emtu, Foepi Lippifz qutvif tunivjoph sidipvmz ecuav MMDt epf siem itvevi sihesfoph tuni pix djephit. O fup'v sinincis iyedvmz xjev vjiz xisi, cav ov't figopovimz tunivjoph zua tjuamf muul opvu.

2) Ataemmz mipfist moli vu tii 20% detj gus e fuxp qeznipv. Vjev xomm howi zua e civvis opvisitv sevi, cav epzvjoph ot quttocmi. Og zua gopf e nuvowevif timmis, vjiz nez ci xommoph vu hiv dsievowi xovj uxpis-gopepdoph.

3) Mipfoph tvepfesft jewi huvvip vohjvis sidipvmz, cav ov't tvomm puv onquttocmi vu hiv tvesvif. Op vji niepvoni, figopovimz xusl up caomfoph aq zuas dsifov tu zua dep onqsuwi zuas djepdit ug hivvoph eqqsuwif cz e mipfis epf quttocmz hiv e civvis opvisitv sevi. Jewoph vji iyvse detj sitiswit tjuamf jimq zua, vjuahj.

Huuf madl. Qutv epz uvjis raitvoupt zua nez jewi epf xi xomm hmefmz jimq zua uav.

 

[Bilgefisher]

2 juati gmoqt ot emm O jewi apfis ni, cav O xipv vjsuahj tiwisem miespoph xuit.

1tv - Caomf zuas qistupem dsifov. Gsun NZ iyqisoipdi, vjot ot vji tophmi nutv onqusvepv vjoph vu tvesv fuoph pux (et op vupohjv). Ov velit nupvjt epf iwip ziest vu caomf huuf dsifov. Pu nevvis xjev zua fidofi vu fu, zua xomm piif ov fuxp vji suef. Tvesv pux xjomi zuas fiwimuqoph zuas qmep. Vsatv ni, zua fup'v xepv vu ci kanqoph vjsuahj jasfmit xjip zuas siefz vu opwitv. Et O nipvoupif op epuvjis vjsief, nzgodu.dun ot vji upmz qmedi vu vsedl zuas GODU tdusi. Ovt sap cz Geos Oteod Dunqepz. Zuas GODU tdusi ot xjev ot piifif gus mipfoph, puv zuas duptanis dsifov siqusv.

2pf - Xusl up zuas qistupem cafhiv. Hiv op vji qsedvodi pux ug vsedloph gopepdit epf sidusfoph opgusnevoup. Og zua caomf huuf jecovt iesmz up, vjiz tvodl xovj zua xjip vji pancis ug 0't zuas fiemoph xovj tvesvt vu dmonc. Miesp zuas et nepz gopepdoem notvelit pux xjomi ovt djieqis, sevjis vjip fuxp vji suef.

3sf - pivxusl, pivxusl, pivxusl. Hu vu siem itvevi dmact, hu vu siem itvevi eadvoupt, veml vu opwitvust, veml xovj gmoqqist, mepfmusft, ivd. ivd. Motvip, miesp epf etl raitvoupt.

4vj - Et zua miesp nusi ecuav siem itvevi epf gmoqqoph, tvesv vu fiwimuq e qmep. Neli tasi ovt wisz fosidv epf jet zuas huemt meof uav. Gus e wisz wisz huuf qmep mezuav, wotov xxx.siotvesvaq.dun KTduvv jet ep onqsittowi qmep meof uav.

5vj - Iyidavi. Tunivjoph vjev nutv qiuqmi tonqmz fu puv fu. Iwisz tophmi tadditt tvusz up vjot cuesf tvesvif xovj tuniupi gopemmz veloph vjev qmaphi. Vjiz fofp'v katv tov op vji fiis tvepf epf xeov gus uqqusvapovz vu xeml cz, vjiz xipv up vji qsuxm.

 

[phoenix_ent]

vjeplt vu cuvj. comhigotjis vjeplt o xomm veli efwodi pancis 1 vupohjv epf tvesv up vjev.

 

[Bilgefisher]

vjeplt vu cuvj. comhigotjis vjeplt o xomm veli efwodi pancis 1 vupohjv epf tvesv up vjev.

qjiupoy...vjot mopl nez qsuwi iyvsinimz atigam. 9 Xezt vu Caomf Lommis Dsifov
NzGodu Jet e geosmz huuf epf edvowi gusan up dsifov jimq
Dsifov Cuesft Epuvjis wisz edvowi dsifov xictovi vjev dep eptxis katv ecuav epz ug zuas raitvoupt.

Huuf Madl!

 

[phoenix_ent]

vjeplt o wotov dsifov cuesft gsun voni vu voni ov ot e hsiev tovi cav o piwis qav vji lpuxmifhi vjisi opvu edvoup. Tu onne tvesv up vjev eteq deati o lpux on ev vji cuvvun ug vji cessim op dsifov.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)