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Updated over 4 years ago on . Most recent reply

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54
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Tyana Blackledge
  • Rental Property Investor
  • Baltimore, MD
19
Votes |
54
Posts

How do i start flipping houses by myself?

Tyana Blackledge
  • Rental Property Investor
  • Baltimore, MD
Posted

Hi!

I’m 21 i want to start flipping houses in my area (Baltimore) but don’t know where to start I’m in school for psychology to be a doctor but i really want to invest in real estate too.

I watch videos about it all day and read articles, and probably will get my real estate license soon just to learn more and have more connections.

I’ve asked a least 5 people i would run a business with if they would like to start flipping houses with me and they’re all procrastinating, saying it’s too much, or whatever excuse is out there.

At this point i just want to dive in by myself, but i need a plan and a mentor. I know i need a hard money loan, a contractor, probably a house inspector, and many more things. A decent budget, etc. !

It’s a huge risk doing it, and even more if you’re doing it by yourself but I’m really eager to learn so I’m really open to advice.

Most Popular Reply

User Stats

207
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106
Votes
Justin Hammond
  • Investor/Developer
  • Salt Lake City, UT
106
Votes |
207
Posts
Justin Hammond
  • Investor/Developer
  • Salt Lake City, UT
Replied

@Tyana Blackledge, Your prospective business partners not working out will probably be one of the best things to happen to you. Sometimes we feel like we need business partners when we are a little lost, because nobody likes to be lost alone. It's much more comforting to be lost with someone else. I did the same thing when I first started, and nobody was as amped about it as I was. Looking back I'm glad I decided to fly solo.

How much capital do you have, if any? Your answer to my question will have an impact on the direction I'd suggest you go.

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