Getting started is the hardest thing for sure, how you do it is your choice because there are many way to get started. With that being said, I got started by just taking action and getting lucky. If someone tells you they are where they are by purely skill and hard work, they are not only lying to you but themselves too. Everyone has to get at least a little lucky in order to be on the top. Being at the right place at the right time, and I was, and I am very grateful for it. With that being said, I started about 10 months ago with wholesaling and getting deals under contract was not that easy especially since not many people trust an 18 year old with buying a house and closing a deal. But I did and after closing the first deal, the other ways were easy because I gained lots of experience with the first deal. Finding the deals was the hardest thing out there, especially in NJ, there was lots of competition and as a beginner my rehab estimating skills were not too advance like they are now and my negotiating skills were terrible too. But after 4-5 whole sales I decided that sometimes in wholesaling you can work on a lead for 2-3 months and not getting anything out of it because they are wasting time. Wholesaling was and still is the hardest thing in this business , so that's why I decided flipping....
I started my first flip in December of last year, I started small with rehabs and now doing add a levels and developments. In 10 months time I grew from a single flip to 8 flips. (6 being done.) I have been blessed and am lucky to be in the position I am in and have learned at a rate that no one else has. I know how to estimate rehabs, what's a good investment in a home and what is not, I've learned to talk to people especially contractors, I've learned who the snakes of this business are, I've learned to connect with the right people, I've learned to grow my company and business, and most importantly I've learned to take risk and it will pay off.
I am just now starting to allocate about 10% of my funds back into marketing and advertising and growing my company sending out mailers and doing door knockers. I am looking forward to connecting with everyone I possibly can in the business and growing my company and branding myself. I try my hardest to get something from nothing. Literally multiply $500 in the very beginning to now starting to grow a company that I will eventually be on top of the world. The saying goes, if your mind can conceive it, then the body can achieve it.
If anyone has any questions about anything, please reach out to me. I will be glad to give my advice. I appreciate the support