Starting up

3 Replies

Hello Everyone!

I am interested in flipping houses as well as wholesaling on a fulltime basis. Currently, I am in real estate school to get my real estate license. I've been to seminars and have watched all the webinars you can think of. Now I am ready to take action. I have a contractor to partner up with for these future projects. Now there is one thing missing but other then that I am excited for what the future holds!

Kendra Ross 

Welcome to BP @Kendra Ross! I am actually in the same boat, I have passed all my tests for the real estate license exam in NY, and I will start by being a salesperson, and doing flips. If there is one tip that I can give you is to read The Book on Flipping Houses by J. Scott. This book is available at the BP store, and it really dominates the book market when it comes to flipping houses in my opinion. I have only read half so farm but it breaks everything down into small step by step guides like a little helper. What you have to do from the book, is develop a plan on how it relates to the area you want to invest, or your "farm" area, and use the information to learn your market.

From then it's all about finding deals, which you are probably familiar with because you have done so much research. Personally I am going to spend a lot of time on the MLS, checking new listings a couple times a day, and putting offers on houses that have sat for a while. If I have no luck there I will switch strategies to a different area, or use a new method of finding properties in that farm area.

I wish you luck on your licensing tests and your success in real estate! Be sure to interact with the community often and show your progress!

@Kendra Ross

BP is full of useful resources such as forums and blogs. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

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