Hello!

[Chris Boyd]

My Name is Chris Boyd, and I'm brand new to the BP community. My background is in Financial Services, & I cannot wait to get started in this new venture! I'm reading, listening, studying everything I can on the subject of Flipping and I have one question for all the Pros out there. When it comes to Hard money, who is the best if you are looking for little to no money out of pocket? I read that 5% and 15% yr were acceptable terms...is this accurate? I'm in the process of building relationships with some realtors to assist me in valuation and hidden gems. Also looking for any advice on starting out and would love to hear from others in Florida that are already kicking butt with REI.

[Linval T.]

@Chris Boyd

Welcome to the vibrant BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

Since you are focused on flips I added the below links for your review prior to getting started.

I also added podcast 009 for you to listen to regarding hard money lending. So, you should be all set to get started!

https://www.biggerpockets.com/renewsblog/2013/03/1...

http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)

https://www.biggerpockets.com/renewsblog/2013/05/18/how-to-flip-houses-3/ (5 steps to flipping)

https://www.biggerpockets.com/renewsblog/2010/4/28/the-8-rules-for-flipping-in-2010/ (The 8 rules for flipping - J. Scott)

https://www.biggerpockets.com/renewsblog/2013/03/21/flipping-houses-101-j-scott/ (Flipping houses 101 with J. Scott)

https://www.biggerpockets.com/renewsblog/2015/07/09/bp-podcast-130-ten-smart-tips-for-making-1m-flipping-houses-with-will-barnard/ (Smart tips for flips)

• http://www.biggerpockets.com/starthere
• http://www.biggerpockets.com/meet
• https://www.biggerpockets.com/alerts
• How to Use @Mentions on BiggerPockets
• https://www.biggerpockets.com/rules
• https://www.biggerpockets.com/terms
• https://www.biggerpockets.com/invites
• https://www.biggerpockets.com/perks
• https://www.biggerpockets.com/forums/categories
• https://www.biggerpockets.com/rei/glossary/

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)

https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/

REI books suggested by BPers

https://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)

http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?utm_source=search&utm_medium=internal&utm_campaign=books (books recommended by BPers)

Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.

Feast on the Podcasts, #askbp Podcasts, blogs and webinars

Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.