i study about tax deed and i'm construction worker (i can search, buy and fixed a property) but where can i find investors? because i do not have the enoughmoney for that, maybe a web page like go found me, I can make a document with real numbers, THANKS
Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
6y
I would go to one or several of your local Real Estate Investor Association Meetings. You can sometimes find them on Meetup or maybe even from a post here if you will tell us what city you live in. I live in Dallas area and there are probably a dozen meetings in any one month. You are there to network. You have skills people need. Some people have money and need your skills. Trade.
I would go to one or several of your local Real Estate Investor Association Meetings. You can sometimes find them on Meetup or maybe even from a post here if you will tell us what city you live in. I live in Dallas area and there are probably a dozen meetings in any one month. You are there to network. You have skills people need. Some people have money and need your skills. Trade.
Investor · NJ · Member since 2018 · 869 posts · 921 votes
6y
My advice is to get all of your ducks in a row before getting too deep in. I'm not sure what the rules are in Florida, but I'd imagine you'd need a contractors license in order to pull any permits and do things legitimately. which generally requires CGL insurance. Also if you are gonna be flipping you really should have an LLC with all of that. Why? Because you're bare naked legally without any of that stuff. Your investor could personally sue you if you dont uphold to any contracts, the person who buys the house could sue you if theres alot of problems with the work you did, you can probably get huges fines for not having the proper licensing.
If you're going to do all of the work yourself you should really have some sort of short term disability Insurance as well. What happens if you God forbid you break an arm and now cant work on the flip you had a investor buy and now also cant work like normal?
My next piece of advice is to get your personal budget in order. what good will flipping do you if you cant save any money? Get in the habbit of saving money now monthly from your job.
Even if you are a skilled in a trade I dont think many wise investors would work with someone who has zero savings and doesnt have a acutal construction business. You need to have contracts for the work that gets done and terms for what happens if things go bad.
No offense I don't know if you have a construction company or not. Alot of naive investors would still invest but more seasoned ones would probably be more cautious if all you can bring to table is the skill you have.
Realtor · Central Florida-Orlando · Member since 2014 · 1k+ posts · 892 votes
6y
Hi Danny,
I am a full-time Realtor and investor in Orlando. I am a member of CFRI, one of the country's largest real estate investors associations. It is a great place to network and meet people with private money and hard money lenders that are right here in Orlando and know the market. You could also meet many other tradespeople, accountants, attorneys, coaches, other rehabbers etc. They have tons of education events both free and paid (to members). Let me know if you want to talk. If you have a good deal and the numbers work, we can find the money!