Comments for Down to my last dollar! http://www.downtomylastdollar.com How can I make my last dollar grow? Tue, 14 Oct 2008 13:40:15 +0000 http://wordpress.org/?v=2.3 Comment on Million pound property experiment by Down to my last dollar! :: Flipping for profit and pleasure? http://www.downtomylastdollar.com/2007/03/19/million-pound-property-experiment/#comment-32 Down to my last dollar! :: Flipping for profit and pleasure? Mon, 15 Oct 2007 10:27:43 +0000 http://www.downtomylastdollar.com/2007/03/19/million-pound-property-experiment/#comment-32 [...] comment on a previous post was so detailed I felt the response deserved a post of its [...] […] comment on a previous post was so detailed I felt the response deserved a post of its […]

]]> Comment on Million pound property experiment by kirsten http://www.downtomylastdollar.com/2007/03/19/million-pound-property-experiment/#comment-31 kirsten Fri, 28 Sep 2007 22:34:57 +0000 http://www.downtomylastdollar.com/2007/03/19/million-pound-property-experiment/#comment-31 hello, my name is kirsten, im 20 years old and i live in vancouver canada. i was recently supposed to start school in september to become an interior designer but decided that it wasn't the right decision for me. I know it would bed difficult to get into but, I have always in the back of my mind thought it would be really cool to get into flipping properties and was wondering if you could either answer some basic questions for me or redirect me to a place where i could find REAL SOLID information. I know im only a 20 year old girl with limited knowledge,skills and money, but I'm pretty sure i can learn anything i have to. I guess the main thing I'm looking to find out is how much money would i need to save to get something like this off the ground. I live at home and save most of my money( i'm still anticipating ill have to save for a couple more years before i can really do anything.) Basically I know that this isn't going to happen over night and it's going to be somewhat risky, but this is what i want to do, and if its at all possible, ill do it. I know id have to start off pretty small doing condos or something, and there is a lot of things i need to get in order. I'd like to start small so i dont get in over my head and so i could slowly try to add money to my bank so i can do bigger things. Would you be able to tell me: -is it possible to start of doing more cosmetic things(flooring, kitchen/bathroom renos, paint and other things that dont involve mega money and completely gutting a house, and still turn any profit? -how much money i would need to get started on something smaller, i know the more you put in the more you get out, but i dont have a lot of money yet.if i bought a $200 000 condo, with a $10 000 downpayment and did about $20-30 thousand in improvement would that be enough? would i be able to get anywhere? Sorry for such a long e-mail. Thank you so much for your time and and info you could give me. I know it might seem like a long shot, but if its possible, just tell me how. hello, my name is kirsten, im 20 years old and i live in vancouver canada.

i was recently supposed to start school in september to become an interior designer but decided that it wasn’t the right decision for me. I know it would bed difficult to get into but, I have always in the back of my mind thought it would be really cool to get into flipping properties and was wondering if you could either answer some basic questions for me or redirect me to a place where i could find REAL SOLID information.

I know im only a 20 year old girl with limited knowledge,skills and money, but I’m pretty sure i can learn anything i have to.
I guess the main thing I’m looking to find out is how much money would i need to save to get something like this off the ground. I live at home and save most of my money( i’m still anticipating ill have to save for a couple more years before i can really do anything.) Basically I know that this isn’t going to happen over night and it’s going to be somewhat risky, but this is what i want to do, and if its at all possible, ill do it.
I know id have to start off pretty small doing condos or something, and there is a lot of things i need to get in order. I’d like to start small so i dont get in over my head and so i could slowly try to add money to my bank so i can do bigger things. Would you be able to tell me:

-is it possible to start of doing more cosmetic things(flooring, kitchen/bathroom renos, paint and other things that dont involve mega money and completely gutting a house, and still turn any profit?
-how much money i would need to get started on something smaller, i know the more you put in the more you get out, but i dont have a lot of money yet.if i bought a $200 000 condo, with a $10 000 downpayment and did about $20-30 thousand in improvement would that be enough? would i be able to get anywhere?

Sorry for such a long e-mail. Thank you so much for your time and and info you could give me. I know it might seem like a long shot, but if its possible, just tell me how.

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