How to Begin Flipping Houses as a College Graduate

How to Begin Flipping Houses as a College Graduate

Rental Property Investor · San Antonio, TX · Member since 2017 · 88 posts · 167 votes

Hello all! So I am really interested in diving into real estate investing, specifically house flipping. I have a real passion/attraction to the rehab process. As for my background, I currently have no experience in any real estate investment whatsoever, besides what I've read in "Real Estate Investing for Dummies" and also from watching HGTV haha. I also plan on reading "Flip: How to Find, Fix, and Sell Houses for Profit."

I am currently heading into the last semester of my undergraduate degree in civil engineering. I will graduate in December 2017 and have a job lined up for me as an engineer once I graduate. I plan to work full time in civil engineering once I graduate so that I can continue saving money so I can possibly place a down payment on a flip house.

What are things that I should be doing now and once I graduate school to begin flipping houses? I know educating myself on all things house flipping is essential, but I am not sure when I will know that I'm ready to start. Because obviously I'm not going to be able to teach myself everything just by reading, but I figure I should know the basics very well before beginning. So yeah, what are some things I should do now and also things I should do once I feel have educated myself enough? How do I get started? All advice would be greatly appreciated.

Thanks!

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  • Developer · Fayetteville · Member since 2016 · 91 posts · 57 votes
    9y

    @Alex Kamunyo the truth is no one is ever "ready" for their first deal. Until you get your first project done, you won't be prepared for all of the ebbs and flows that come along with it. By waiting until you "feel ready," you will add the time it takes you to get your first deal done.

    Since you are in college, you have a tiny bit of time left. My advice to you would be to start networking with other flippers in your area and let them know that you are getting started. Real estate is a people business; you will be surprised at how much investors want to help each other. Let the investors know that you know nothing about flipping, but want to learn. Find someway to bring value to their investments (your engineering degree for example) either by providing some financial equity or sweat equity. It will allow you to work side by side with them and see how the whole process works.

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