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I Buy Houses

I am currently finishing up the sale on my parent’s house, who have now passed away. Hence the flair.

When I got married, I had lived in my house for 17 years. There was no mortgage on my wife’s house, so obviously we moved there. I was a single man with a child, I didn’t have money to upkeep and maintain the house as well as needed. I opted the We Buy Houses route. They bought my house for $55k (which was less than I owed at the time!) and flipped it for $105,000. (I have to drive by it a lot)

Now that I am coming into some money, and hate my current job, I’m wondering is this a viable route as a profession?

I have a great realtor who has been a family friend for a long time. He has connections to contractors, etc. Sold my mom’s house over asking price in 4 days.

Pros and Cons of entering this? I know the market is different than it was when I sold 2017.

Is $120,000 enough to start with ?

What type of loans are available ?

Am I crazy? I’ve always wanted to work for myself. I got laid off from my career job, had to take a call center job at 43 y/o. It is soul sucking. The time for change is now.

submitted by /u/ThaAnswerMD25
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source https://www.reddit.com/r/RealEstate/comments/1kxbp7x/i_buy_houses/
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