Updated over 1 year ago on . Most recent reply
I would love a real mentor...
I believe i am in paralysis... I'm financially nervous to take steps to beginning my re journey as a flipping investor. Is there a way to get a person to help you step by step without being taken advantage of? Let's say I aquire the right amount of business credit and get loan approval and am ready to take next steps. Is there a way to get someone to "hold my hand" through my first flipping process, start to finish.
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#2 Out of State Investing Contributor
- Flipper/Rehabber
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#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
i'm just going to ask... you said you're financially nervous. is that because you don't yet have a strong financial foundation? flipping is difficult and time consuming and expensive. just because you haven't started yet doesn't actually mean you're in paralysis. if you don't have a VERY solid amount of cash - tens of thousands of dollars - then your next step is actually: save up more. not buy a deal just to do a deal.
even the hold / rehab period during a flip can cost several thousand dollars a month.
not trying to be discouraging, just realistic. you should definitely be going to meetups and networking as well.
hope this helps