I am a full time maintenance technician for an apartment complex. But like anyone I want to be my own boss. I have all the skills and attributes to make a home beautiful. Basically I've narrowed it down to flipping or buying and holding for a rental property. But I'm leaning towards flipping. I've heard it can be risky. some tips on building a buyers list? And tips on getting the right loans, and fully verifying the home doesn't need more than I have analyzed it to need? Any advice would be greatly appreciated. Thank you very much biggerpockets community!!
@Tyler Nelson - Its really a win-win if you are open to both strategies. Buy, rehab, try to sell. If selling does not work - go ahead and rent it out......
that's smart Justin I like that. Thanks! Should I look for a forclosed home my first buy or should I lean towards a home that was not forclosed on?
Hey @Tyler Nelson welcome to BP...sweet name by the way.
With the background you have as a full time maintenance technician at an apartment complex, you have an AWESOME advantage that not many people have. Also, being right outside of Minneapolis, you're in a great area for investing.
If I were you, here is where I would start.
1) J Scott's Book on Flipping Houses
3) Once you've done that, the world is your oyster. Start networking with people in your area and offer up your know-how. You'll be on you way to meeting your goals in no time.
Solid profile. Keep thinking big brother.
Best of luck
@Tyler Flagg thanks so much I'll dive into those two reads as soon as I'm done with this message. Dream big, think big, live big!
A little bit of inspiration from your message to I love it! I'll get this train rolling and follow in a fellow Tyler's shoes thanks again man!
I would recommend attending local real estate investing meetings to network with investors currently doing deals in our market. Send me a PM and I will pass on the meetings I attend on a monthly basis. In order to ensure your cost estimations are accurate I would get actual bids during your inspection period.
Welcome to BP, send me a private message and I can point you in the right direction for financing.
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