Answer by Allen Bauman

Hi Cami It doesn't matter if you are a recent college grad or any age(generally above 18) in this kingdom cash is king. Or you must live in a kingdom where you can get cash and be a prince for a while. Giving you a short answer is not really possible since there are so many things involved in wanting to flip homes to actually doing it. If you watch late night TV you can see how many books are written on the subject. The reason cash almost always comes up as a topic is because most properties that are foreclosures have some (or much) work that needs to be done. This generally rules out being able to get a mortgage. The FHA does have an investor program but it doesn't work for every property. That leaves either having your own money, a friend or relatives money or hard money. I work with investors looking to buy and flip homes. They find that the information I give them and keeping them out of trouble is worth more than the search for investment properties. Please call or email me with your contact information and we can talk about it. Allen Bauman Century21 Yve R. E. Licensed R. E. Agent NYS Certified Residential Appraiser 516-791-3846 allen.bauman@gmail.com