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Very new to real estate but trying to educate myself on real estate and everything it has to offer. My dad flipped a mobile just recently (sold in September) and I was supposed to be his partner on his next flipping deal, but we can't seem to find anything in the market and we've been looking for 6 months. I currently do not have a job as I wanted to dive head first into helping renovate the house and learn everything I can. But since we go through the bank, we can only get a house up to 160k and it already has to be livable, or else they won't lend the money.  My dad won't want to work with any investors, either.  I'm ready to get my first deal and don't want to wait any longer for the perfect deal to come up (could take another 6 months). Should I take matters into my own hands and try to get funding by myself? I'm willing to do anything to get my first house to remodel. But I'm not sure what step I should take to begin this journey. I was thinking of relocating to a different area and finding a job and an agent so I could start getting my own deals, but I don't know which move is the smartest for me right now.

Yes you should @Kyle Marchand ! Find a partner who can benefit from your hustle and availability and get a deal done. All the while still working to find a deal with Dad. An additional route is to take your earnings from non-Dad deals to use with Dad deals. Do it!

While I am new and probably not the best person to offer proper real estate investing advice at this point, I can tell you that one of the common themes I hear from talking to many successful investors echoes what @Jay Helms said above. You can spend a lot of time as a first-timer wondering what to do when the answer is to DO THE DEAL. In this case, put yourself in the best places to help you find opportunities. Align yourself with people who share your tenacity to get it done. It is infectious, and I would bet Dad would soon be on board with your line of thinking. 

Do your homework, get your financing in order, and do what you have to do to find the deal and then close it. You got this buddy!

Thanks @Jay Helms and @Derriel Cribbs for the input and advice. I definitely have the availability and hustle to want to get a deal done. With no income or previous experience, is it going to be hard to find an investor? And would you recommend locating to a different area that has more potential deals? Just still a little gun shy about what process i should take to initiate my first deal.  

@Kyle Marchand 

Is there 203k rehab loans available?  You can buy a rehab that needs alot of work and for a low price and finance the repairs in the 203k rehab. It is just called 203k,,it doesn't mean two hundred three thousand.  I am not sure why it is titled 203k. What , how does your county sell foreclosures and tax deed properties? Have you checked county court house auctions? However, we did a 203k rehab and the contractor let us do some of the work and reimbursed us for our work. 

Originally posted by @Kyle Marchand :

Thanks @Jay Helms and @Derriel Cribbs for the input and advice. I definitely have the availability and hustle to want to get a deal done. With no income or previous experience, is it going to be hard to find an investor? And would you recommend locating to a different area that has more potential deals? Just still a little gun shy about what process i should take to initiate my first deal.  

Three things: (1) Focus on the market you know (2) really get to know your #s (3) start talking to everyone you know about your REI goals. Even if they are interested, ask them who else you should be talking with.

Thanks @Carolyn Morales , I've looked into the 203k loan and it looks closer to something I might be interested in. Although it looks like you still need 3.5% down, it almost seems impossible to make a deal without capital and no deals under my belt. I'm currently looking into how my county goes about foreclosed homes and seeing if anyone could work with me on that.

Appreciate it @Jay Helms . I've been trying to study the market and looking at every house sold and every house coming on the market for my area. And the market is almost completely dry right now. Which is I'm currently looking at other areas I can relocate to where deals aren't so scarce they get picked up by investors within a week. My dad, who was my partner, barely even looks at deals anymore because there's just nothing work looking at right now. So it almost seems like nothing is happening at this point when I get more and more antsy to make a move.

It almost seems like I should relocate to a better area for real estate and find a job/agent/investor in that area really quickly and try to househack or try to flip a house as quickly as possible. 

@Kyle Marchand Networking on sites like this and in person at meetups can be a tremendous way to find deals. I help organize a meetup in Cincinnati and I know that a lot of deals have been closed on among the members that would not have met each other without the meetup.

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