Wentzville, MO · Member since 2016 · 2 posts · 1 vote
I have been interested in RE investing for sometime, really wanting to get into flipping houses. I was doing some searching and it brought me to this site. Looks like gurus aren't the way to go, and interested in anyone who can help me learn the things I need to start flipping houses.
Westport, MA · Member since 2015 · 128 posts · 56 votes
10y
Aaron,
I am also a new to this world so I will share with you what I am doing to get myself educated:
1)Go pro – No I don’t work for BP, but you get the tools you absolutely need to be successful as a pro member hands down. The ability to learn what a good deal really looks like comes down to using the PRO calculators- practice every day.
2)Listen to every single BP pod cast. So far I am about 110 in and it is exactly the education you need. I listen to them in order from newest to oldest regardless of the topic so I can learn about all angles of this business. It is truly amazing what you can pick up. I listen to them if I am driving anywhere and also at the Gym. Makes the 1 hour Elliptical go much faster.
3)Take action. Get a goal and go make it happen. Without it you are guaranteed to never make it happen.
4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.
Welcome to Bigger Pockets. It is a good place to connect with real estate professionals and to learn about real estate. For example, you set up key word alerts. http://www.biggerpockets.com/alerts
Real Estate Broker · Windsor, CT · Member since 2015 · 1k+ posts · 268 votes
10y
@Aaron Hoffmann I would suggest choosing a few areas of real estate that you are interested in and searching for those as keyword alerts. You will be able to follow the discussions on those particular topics. Best of luck!
Boonsboro, MD · Member since 2011 · 137 posts · 26 votes
10y
Welcome to BP! Go to "education" tab and learn as much as you can. Listen to the podcasts and read the recommended books. The good thing is isn't hard to learn, but you do need to know what you are doing.
Property Manager · Saint Louis, MO · Member since 2015 · 186 posts · 76 votes
10y
Hi, and welcome to BP from a fellow Missouri investor! My focus is South City St Louis, but I love the dog park out in Wentzville. I'd second the advice to listen to podcasts, and all set up keyword alerts in the forums. They can really help you learn more about topics of interest and network with investors who have similar interests.
My area is more buy and hold (as well as being an investor friendly agent) but always happy to chat about RE.
Investor · Ballwin, MO · Member since 2015 · 111 posts · 83 votes
10y
Welcome Aaron!
I'm also from the St Louis area. I invest primarily in the city. (Specifically south city around the Dutchtown area). I'm a buy and hold investor but if something comes along to flip I'll do that too. Reach out some time and we can do coffee..
Good luck, the site, podcasts, and forums are a great way to get educated!
Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
10y
Welcome to BP! You've received some very sound advice already. I would only add to start attending local REIAs and find a team that can help you get set up in STL. To really learn the market, I'd start analyzing at least three deals a day. You'll quickly become an expert in the area you wish to pursue. Good luck!
Residential Real Estate Broker · Saint Louis, MO · Member since 2014 · 1k+ posts · 567 votes
10y
Welcome @Aaron Hoffmann! Like @Frankie Woods said, you've gotten good advice already, and then he followed it with more good advice, so I'll save my breath (fingers?) on this one and just emphasize getting out to REI meetings and his advice to start analyzing deals.
Enjoy the process and don't let the amount of things to learn overwhelm you -- just follow your interests and try to address your weaknesses.