It is very difficult to buy and flip properties profitably. As a small investor you hear of people making fortunes with little or no money, as often as you here of people winning in Las Vegas. People boost about their wins, seldom mention their losses.
If all you have is $30,000 flipping is not an appropriate investment strategy. It is a gambling strategy as likely to succeed in real estate as Las Vegas. You would need to go into a market where "as is" homes are $10000-15000. By definition those are ultra-high risk, dangerous locations. You can buy for $15K, you will install an $800 alarm system, pay $22 per month to monitor, have a worker stay in the home. While under contract awaiting your small profit, someone breaks in, steals the HVAC, appliances, breaks the windows and pulls the plumbing and wiring out of the wall, $10-15K loss for the possibility of a 3-5k net pretax gain. If you can afford the loss of time, energy, and a 30-50% loss of your investment, continue, flipping is for you. If not, use the 30K as a down payment is a safe, stable, market and collect rental income and make 8-10% a year.
The experienced property flipper knows the costs, knows the risks, knows the real rate of return on transactions, has the funds to lose, and accepts those very high risks. This does not sound like you.
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