Purchasing a home can be a long and challenging task. You have to start saving money long before you actually become capable of purchasing a real estate property. Once you are ready, your next three months are packed with excitement, planning, stress, and then finally the big payoff.

Buying an investment property with hopes of making income from rent or flipping the home for a profit is a somewhat different process than buying a home to live in. Often buying a home for flipping involves a quick transaction with cash or a ready to use line of credit used to purchase the home.