First timer need advice on how to start flipping!

[Paul Fagot]

Hello BP community, I've been wholesaling for a little while now and I want to get into the flipping business. I understand the numbers and what to look for but this would be my first flip and the problem that I think I'll have is getting access to the funds because I'm a (newbie) and 22 but I have around $25,000 and excellent credit to put towards the funding. I'm thinking maybe a hard money lender would feel more comfortable if I found a deal with just cosmetic issues to start out to get some experience and build on from there rather than buying a big project but also have an experienced flipper who'd walk me through everything with a flip that'd be a huge help for me I think! Any suggestions or advice? How does or what ways does a brand new investor get into the house flipping business?

[Craig Curelop]

@Paul Fagot - If you have little to no experience flipping, I'd suggest reaching out to Biggerpockets members in your area who do flip. Invite them out to coffee and just talk/pick their brain. When the conversation is over, maybe you can ask them to help them on their next flip? Don't ask for any compensation. You won't earn a whole lot, but what you'll learn will be invaluable. 

If you would rather jump right in. Then hard money or private money will probably be the way to go. I wouldn't expect favorable terms as you're an inexperienced flipper going at it by yourself. There's inherit risk there and the lender will make you pay for that. You will likely not get rich off this first flip, but it would be a great start and will give you experience. That way you can get more favorable terms on your next one. 

Hope this helps!