I just want to introduce myself to the BP community. Its great that there is a resource like this online. I am currently in the education phase of real estate investing and have been researching and reading every book possible. I originally picked up Rich Dad, Poor Dad and that ignited the education phase into real estate investing. I just finished reading "WHAT EVERY REAL ESTATE INVESTOR NEEDS TO KNOW ABOUT CASH FLOW..." By Frank Gallinelli (valuable information) and now im reading "FLIP HOW TO FIND, FIX, AND SELL HOUSES FOR A PROFIT" By Rick Villani and Clay Davis. Along the way I came across BiggerPockets.com.
I am very interested in flipping houses and rental properties and enjoying every opportunity I can get to learn. I would love to know the best route to take to get into flipping houses.
Licensed Mortgage Lender · Fort Lauderdale, FL · Member since 2014 · 98 posts · 13 votes
11y
Nice to see you @Sean McClure join the forums. As I'm sure you're learning, there are multiple components to flipping (buying the property, financing the property, fixing the property, selling the property). We are lenders and real estate brokers, so if you ever have questions about the transaction and/or financing component, let us know. My biggest advice to give would be to get out there and hit the ground running, trying to find deals. I find that a lot of books do not teach the intangibles that one develops being out there in the market day in, day out. Good Luck!
Licensed Mortgage Lender · Fort Lauderdale, FL · Member since 2014 · 98 posts · 13 votes
11y
Nice to see you @Sean McClure join the forums. As I'm sure you're learning, there are multiple components to flipping (buying the property, financing the property, fixing the property, selling the property). We are lenders and real estate brokers, so if you ever have questions about the transaction and/or financing component, let us know. My biggest advice to give would be to get out there and hit the ground running, trying to find deals. I find that a lot of books do not teach the intangibles that one develops being out there in the market day in, day out. Good Luck!
Thanks @Gregory Emmer for the great advice. I know I am going to make mistakes. I just want minimize that risk as much as possible. I completely agree with you though and intend to jump in the mix sooner rather than later. I will definitely enjoy it lot more since I am a hands on person and don't mind getting my hands dirty. I really appreciate you reaching out and will definitely keep you in mind for my next deal. Thanks again.
Welcome to Bigger Pockets. I concur with @Gregory Emmer. For example sometimes you put a toe in the water and believe the water is one temperature, but when you get in you realize you misjudged the temperature completely. Reading is good, but applying what you read is slightly different. Nevertheless you have to run your race at your pace not someone else.
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Thanks @Renea Steward for the advice. I intend to jump in the game as soon as I can and have found the advice so far on BiggerPockets to be very valuable. I'm looking to buy my first property by the end of the year and will be renting it out. Thanks again for the great advice.