Hello Fellow Members!
I am new starting out in the business and I am very excited and filled with super energy! Each day I commit myself to reading and gaining as much knowledge as possible about this industry. Also, I am a hands-on person and I like to take action once I learn something.
I have been pulling my resources together and fortunately I have end buyers secured. I am in the midst of searching for the properties…During my search, I found deeply discounted Hud properties that have been sitting with them for quite sometime.
I would like to bid on the properties and I believe they are good deals but the other side of me is apprehension and maybe somewhat afraid of the unknown…afraid that a deal will fall apart which would damage my reputation…any thoughts? Advice? Suggestions? Lastly, I would be flipping the properties to the end buyers…therefore, I will need transitional funding during the double closing…
One of the properties is extremely profitable for a buy, fix and flip or buy, fix and hold. However, due to my lack of experience and the need for immediate cash flow, I am leaning toward just flipping it to the end buyer instead…