Looking to Flip in Houston, Texas

[Ayo F.]

Hello All,
I just joined this forum today. I came across this forum while I was researching on the "Lifestyle Unlimited" mentoring program in Houston.

I am a new real estate entrepreneur currently based in Charlotte NC. I will be relocating to Houston, TX next month.
I used the term "real estate entrepreneur" because i'm primarily interested in flipping properties. I am in no position to buy and hold as I have student loans and credit card debts I need to pay off first.

I currently have a day time job and I have been trying to jump start my real estate business.

Please, can anyone flipping properties in Houston enlighten me about the possibilities of flipping in the current Houston market.

Also, I would like some recommendations on active hard money lenders in the Houston area or any other areas of the country that supports transactions in Houston.

Thank you all

[Steve M.]

Before you put a penny on the pavement, read these boards for about 5-6 months. Take a look at some of our member's blogs (J Scott in particular if you are interested in flipped -- his site is www.123flip.com)

Study your region, and study it well. Learn the lay of the land, the players (banks, CPA's, contractors, other investors) and network like crazy.

I would stay away from gurus and "mentoring programs" The knowledge and info you can learn on biggerpockets in just a matter of a couple weeks far outweights anything you will be able to learn in a program ... Plus, BP won't try and sell you on anything ;)

I've now been in our new location for about 18 months, and I'm finally starting to get a grasp of our area. Started to network, getting friendly with some REO agents, and still learning the ropes myself.

Those are my thoughts :) Spend as much time on BP reading as you can.