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re: I need some advice on this buisness deal
Posted on 12/3/12 at 8:54 pm to TIGRLEE
Posted on 12/3/12 at 8:54 pm to TIGRLEE
Only if you can afford to loose the $50k in worst case scenario.
A buddy of mine did this with his friend who is a "professional" flipper and it hasn't ended so well. He hasn't lost his money but the house is now in the rental market so he didn't get his money back either.
A buddy of mine did this with his friend who is a "professional" flipper and it hasn't ended so well. He hasn't lost his money but the house is now in the rental market so he didn't get his money back either.
1
Posted on 12/3/12 at 9:03 pm to nolanola
Order a home inspection. Make sure you get title work done (IE-research the chain of title). Talk to a realtor who can access MLS to give you the background on the property's history.
If all comes back well, then consider it. If not, you may have spent a few hundred to keep from losing a few thousand.
If all comes back well, then consider it. If not, you may have spent a few hundred to keep from losing a few thousand.
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