Newbie advice needed
Hello everyone!
My name is L'Oreal and I live in Dallas, TX. I am a newbie to the world of flipping houses and to BP. I am currently not employed and my schedule is open all day each day except weekends. I have been reading about real estate and have attended one webinar so far and will attend the webinar tonight. So my question is what else should I do or be doing in the mean time what else can I be doing to build up my real estate knowledge? I was thinking of possibly hooking up with another flipper and start watching them do flips and learning the process from a Pro and see first hand how things go. I am also willing to help and volunteer on anything that I can do to assist with the flip. Thanks for your time, please feel free to inbox me especially if you live in DALLAS, TX! THANKS!
#2 New Member Introductions Contributor
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#2 New Member Introductions Contributor
- Specialist
- Rockland, MA
Welcome. Fill in the foundation below.
Check out the Start Here page http://www.biggerpockets.com/starthere
Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.
Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers).
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Good Luck
Paul
L'Oreal Smith
Welcome to the Bigger Pockets community.
Thanks for all the info @Paul Timmins
I think the most important thing you can do if you want to flip houses is learn your market. You have to watch the listings every day. I pick a certain price range in a certain area and I look every day. Then look at the recent sales. You have to get a sense for what sells and how fast. Because about 98% of the properties you will come across are not good deals for flipping. You have to learn how to spot the ones that are
Thank you so much @John P. for the advice, I am definitely taking notes and putting things into action.
Originally posted by @L'Oreal Smith:
Hello everyone!
My name is L'Oreal and I live in Dallas, TX. I am a newbie to the world of flipping houses and to BP. I am currently not employed and my schedule is open all day each day except weekends. I have been reading about real estate and have attended one webinar so far and will attend the webinar tonight. So my question is what else should I do or be doing in the mean time what else can I be doing to build up my real estate knowledge? I was thinking of possibly hooking up with another flipper and start watching them do flips and learning the process from a Pro and see first hand how things go. I am also willing to help and volunteer on anything that I can do to assist with the flip. Thanks for your time, please feel free to inbox me especially if you live in DALLAS, TX! THANKS!
Welcome to BP. I think it is always a good idea to start with the Ultimate Beginners guide that you can find here under resources. Also you may want to attend local meet ups to network with others with your same interests.