All Forum Posts by: Barrett Anderson

Hi I'm a new investor in utah struggling to get started and I want to hear real life stories of how people did their first deals with little or no money and got their start into real estate.  I have read the book with the long title by Brandon and know of many different ways of investing without money but I want to hear more of the details about how it has been done by my fellow investors. Im looking forward to all the stories and feel free to be as detailed as possible.  

Thanks for all the reply's you have given me some good insight and have motivated me to get more creative in finding my deals.  I need to start generating a list of good wholesalers as well. 

I'm ready to finally dive in and find my first house to flip. Right now I'm starting to look on the MLS and so far all the deals I am finding that are even close to profitable are short sales but even those don't give me enough cushion that I would like and all those already have multiple offers. Am I crazy to think I can find a deal on the MLS in Utah county to flip? I know about many of the other ways to find deals, but right now I don't have the funding or desire to do direct mail and other targeted marketing strategies (cold calling, drive for dollars, bandit signs). I am willing to use a wholesaler but I don't really know many in Utah and how to use them. Right now my plan is to be aggressive on the MLS and place a lot of offers at the price that makes sense and hope someone will accept my offer. Any thoughts?

Thanks for your reply.  Another question, what makes a house a great deal other than the an amazing price?  What features in a house make it stand out?

I'm starting to look for houses to flip and I'm curious what types of houses most investors try to avoid.  I know this is a broad question but just wondering what would be a deal breaker for people, such as a certain type of house, year built, size of kitchen... Right now I'm just trying to keep it simple, basic repairs and cosmetic fixes.  

Yeah thats next on my list of books to read.  Im reading J Scotts flipping book right now. 

Thanks for all the replies!

Yeah I have been looking into both private lending or hard money.  Im not too sure how to find the private lender.  I have a relative that I may be able to help me out but I want to be able to have other ways of getting money.  I think once I get my first flip done and if I get a good profit on it I should be able to find money a little easier because ill have proof that I know what I'm doing. 

I have a little bit of rehab experience but not a ton.  Im looking at doing the basic stuff my self (molding, painting and other basic finishes) and having subs come do the stuff I cant do or don't want to spend the time doing such as floors and counter tops.  My first few flips I hope to be very basic and cosmetic nothing structural.  

I also have a little bit of business background, I own and operate a small window washing company.

Hey I am new to real estate investing but I really want to get my feet wet and do my first deal.  I have a goal to start looking for my first deal in January and i want to do a small single family home fix and flip.  My problem is figuring out how to finance it (I have no money, but good credit).  I have read about all the different ways of how to do it but I need someone that lives in Utah to guide me in the right direction on how to do this, and how to find lender locally. Any help and advise would help at this point.  I just need help outside of books.