New to BP and Real Estate Investment

4 Replies

Hi everyone, my name is Brian. I wanted to introduce myself to the community as a new member and new investor. I’m active duty military stationed in Virginia but looking to invest in the Cincinnati, Ohio area. I own two rental houses that I bought during my military assignments. They both cash flow but I’m looking to transition into fix and flip real estate investment. I’ve been following the BP blogs and podcasts for a few months now as well as reading and listening to the books recommended on the podcasts. They’ve really provided some good information and lessons learned before I even got started investing. The prices in Virginia are too high for my budget so I’m investing in Ohio. I’m there twice a month to visit my daughter so it’s easy for me to check on my project statuses. I’ve been building my team now for a couple months and I just came under contract on two houses that I plan to fix and flip. Thanks for all your insight and help so far. I’ll be staying tuned for continued advice. Brian

Welcome!

Personally I have never been a fan of fixing and flipping. It takes a lot time and there is no guarantee that the flipped realestate will generate the amount you wanted it to.

Fixing and flipping is also a job in itself. Especially if your doing the renovations your self to save money. I commend you if your able to do the fix and flips while active duty though.

Sorry, dont mean to shoot down your fix and flip dream here, just never been my cup of tea.

Let us know how things are shaping up once you hit the ground running.

@Brian Reynolds Welcome to the BP forums! As you have learned there is a wealth of knowledge on Bigger Pockets. Stay engaged and keep growing. Good luck with your new houses and we look forward to hearing about your progress!

@Scott Hensley , thanks for your reply.  Each day I’m trying to learn something about real estate investment and how to move towards my goal of being financially free.  Once I close on both houses I’ll be sure to keep everyone updated on the progress. 

Thanks 

Brian 

@Anthony Wienke , thanks for your comment.  Fix and Flip is where I want to start but eventually I’ll try to move towards the rental market.  I’ve got a contractor to do all the heavy lifting and family in the area to help as needed.  My goal will be to be in and out as fast as possible each flip so I can move to the next.  

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