Updated about 7 years ago on . Most recent reply
wholesaling or flipping homes
Hi, i would like to get some general idea, how long should i keep reading books, forums, following ppls stories on how to wholesale and flip homes? i am in los angeles california. I was not able to take the classes that was offered @ 5oK and therefore, i have been reading on my own and following ppl on social media who are in the works of wholesaling and flipping. I bought my first home last year and want to invest for the future with real estate is what i am gearing towards. Any suggestions? I am a goo getter with an attitude of show me and I'll learn it. My biggest hurdle I am facing is focusing on reading all the info I see, I guess I'm getting overwhelmed and ready to get started but, I also know, Knowledge is Education and do not want to dive in and Im not ready. One of the books i am reading suggested, for a mentor, therefore, the ppl on social media who are actively doing deals I have embraced them as my mentor, LOL. Your feed back is appreciated and thankful for any info you can give.
NewBeee from Los Angeles, Cali
Most Popular Reply
Stop reading. It's time to start doing. First, you need to surround yourself with others who are already successfully doing what you want to do. I appreciate that you love to follow people online, but many give wrong information either because they are wrong or because what applies in their state does not apply in yours.
You must surround yourself with local investors. Check out NationalREIA.com for local REIA meeting. Check out MeetUp.com for additional investor meetings. Look for local landlord association meetings.
All real estate is local. Reading online and books is great for something to do in your spare time, but you need to actually speak with others face to face. They will recommend local attorneys, title companies, contractors, subs, everything you need to be successful. Find out where they invest, what they buy, what they pay. You will only learn these things face to face. Being with other investors in your area also creates a synergy and excitement that you won't get by reading.
Time to reach out and interact. That's also how you'll find investors that you'll buy from and sell to. This is not an isolated business, you must be part of a community.
Good luck to you and keep us posted!