Beginner "Flipper" in need of major experience Suffolk County NY

Beginner "Flipper" in need of major experience Suffolk County NY

Richmond, VA · Member since 2013 · 31 posts · 3 votes

So, it's understood that I need to save up a "massive" amount of money in order to even think about a flip but I know my area (Central Islip Suffolk County) very well as well as its surrounding areas and am itching to learn and experience how to flip local foreclosed homes. I read an infographic here that shows the steps
to flipping. I have the first step, Research, covered now all i need is the Network and (scared to say this but) Investor(s) (because I'm dead broke)
I would just at least like to experience and learn how to flip. Especially the very detailed like realistic costs, etc. So I'm asking if someone in Suffolk or Nassau is planning to flip and needs some help on the project, I'm all hands. A closed mouth don't get fed so bare with me here.

I'm also still having a hard time understanding how you can flip a house with no money if you have an investor. How do you get your investor to trust you? Especially if this is your first flip. How do you even find an investor? And you will need some sort of money to have an investor correct?
-Hate to sound desperate but........I'm desperate

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  • Real Estate Investor · Charlotte, NC · Member since 2011 · 252 posts · 56 votes
    13y

    Well, first you have the right idea trying to find a local rehabber to learn from. Local REIA's should have some investors you could network with.
    As far as the money goes...start saving. Do you have friends or family that might be looking to do a deal? They are usually the go to people that most go for when doing rehabs. The more rehabs you complete will show your lender you can get a deal done start to finish and trust comes from that. You just have to get a track record going. Good luck!

  • Real Estate Investor · New York, NY · Member since 2013 · 24 posts · 1 vote
    13y

    hi amanda,
    im from suffolk county also im from brentwood and im just starting out in the wholesaling business, my best advice is knowledge is power! im having a rough time trying to get my first deal also but its the first one you have to get threw to make or break you! best of luck to you...

  • Real Estate Investor · Cleveland, OH · Member since 2013 · 173 posts · 18 votes
    13y

    Lee Reitzel, Encouragement, keep at it. I am in the same place Lee. We'll work at it together, with the help of God and our BP family. We have the help of one of the Best sites. I am thankful for the BP family.

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