Join a REIA for OOS Flip?

Question

So I am looking to flip my first property out of state because California is too expensive and the interest rates and points are too much upfront. I currently don't have enough funding to be comfortable with a flip, so I am looking for other means to get my first flip out of the way. I know there are real estate investor associations that will provide resources like connections/possible partners/possible volunteer opportunities/etc... but there is a charge annually to join, around $200-$300 and I am trying to gauge whether it is worth it or not or if I should just wait until I have enough myself.

As a side note, if I was to join a REIA, it would need to be in the market that I want to flip a house in, which means that I need to have a market locked in. Is that too much of a limitation?

Lastly, I would love to have a quick sit down call with anyone to speak further about this, so please let me know if you would like to talk.

As a side note, if I was to join a REIA, it would need to be in the market that I want to flip a house in, which means that I need to have a market locked in.  Is that too much of a limitation?

Lastly, I would love to have a quick sit down call with anyone to speak further about this, so please let me know if you would like to talk.

Jonathan Oh · Answer

@Collin Emerson Miller You don't need to join a REIA to flip houses. Join if you want to grow your network and exchange ideas. Focus on connecting with people that can help you on your flip - contractors, agents, etc. Also, flipping for the first time, using OPM, AND doing it out-of-state is a big ask for your first deal. If you're dead-set on this go for it by all means, but you've been warned on the risks you're about to take on. Good luck!

Brandon Goldsmith · Answer

If you are investing out of state, starting with a flip is not going to be the eaisiest to start off with. I would suggest something a little more turnkey or cosmetic. Finding good contractors and developing relationships along the way is going to take some time and often a little more difficult than things appear on paper. Good Luck! @Collin Emerson Miller

Mark Pedroza · Answer

@Collin Emerson Miller

No need to join a Reia as a majority of them are holding on-line real estate meetup's.

This link has numerous real estate webinar's in your area:

https://www.meetup.com/topics/...

Kerry Noble Jr · Answer

I honestly thing this forum is better.......at connecting resources.......

Sidenote: i have a flip with an OOS partner.....definitely open for a quick call.....lets connect

Patrick Britton · Answer

@Collin Emerson Miller IMHO you dont need a local REIA if you're very active on Bigger Pockets.