Newbie from St. Louis, MO

Hello all, Jason here from St. Louis. I want to say hello to all of the seasoned vets out there. I also want to say hello to all the new guys...I feel your pain. I am looking forward to learning from every one of you. Thank you in advance. Jason

Edited: 06/26/2010 at 11:28AM

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

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Feb 03 '10, 12:06 AM

Hey Jason and welcome! What kind of investing are you doing over there in St. Louis? What is your focus? We've got a group for St.L people that you should be sure to check out.

Fill us in a bit more on what you've got going on . . .

Best, Josh

Edited: 06/26/2010 at 11:28AM

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Jason Port

Real Estate Investor · House Springs, Missouri

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Feb 03 '10, 12:12 AM

I'm trying to focus on the rehab and resell portion of the business to start off.

Edited: 06/26/2010 at 11:28AM by Jason Port

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

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Feb 03 '10, 12:19 AM

Ok, great. Where are you planning on focusing your energies? What part of the city?

Have you done any rehabs before?

Edited: 06/26/2010 at 11:28AM

Mike V.

Rehabber · St. Louis, Missouri

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Feb 04 '10, 10:16 AM

Welcome Jason, this is a great site - so much to learn. I have been rehabbing for a couple of years here in St. Louis. Look forward to meeting you. There are a couple of good REI clubs if you are looking to connect to others in the industry.

Edited: 06/26/2010 at 11:30AM

Jarmel S.

Real Estate Investor · Atlanta, Georgia

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Feb 12 '10, 08:06 AM

Welcome Jason

You have made to a great site. I've learned a great deal here and I'm sure you will too! Make sure to use the search feature. Many of my questions have been asked, all I had to do was look it up. It made things a lot easier for me.

Best of Luck to You!

Edited: 06/26/2010 at 11:38AM

Alex Joungblood

Real Estate Investor · Chesapeake, Virginia

20 posts
2 awards
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Feb 12 '10, 10:11 AM

Hey Jason like I have told so many other people you should look into wholesaling first...

not to knock what you are doing but when you are first starting out fix and flip can be a little overwhelming

Wholesaling will teach you TRUE values of properties plus you will learn to assess repairs and you will also make some quick cash...all good things !!

Well I wish you luck my friend!

Edited: 06/26/2010 at 11:38AM

Ted Akers

Private Money Lender · Denver, Colorado

601 posts
12 awards
58 influence

Feb 13 '10, 01:51 AM

Hey Jason, welcome to BP and good suggestion by Alex. Wholesaling will avoid that possible situation where you get hung out if the fix-n-flip is not selling.
Best wishes getting underway,

Edited: 06/26/2010 at 11:38AM

Jason Port

Real Estate Investor · House Springs, Missouri

16 posts
2 awards
50 influence

Feb 15 '10, 09:08 PM

Hey guys,
I really appreciate all of the advice and input. That being said, I am currently learning as much as I can about wholesaling. I'm taking your advice and acting on it. How much money can I expect to make on each deal. I guess there are some that are better than others. How many can I do in a year's time? I would like to do as many as possible. How much risk is involved and is there anything in particular I need to look out for? Again, thanks alot guys. Jason

Edited: 06/26/2010 at 11:40AM