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Updated over 11 years ago on . Most recent reply
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Newbie from Kentucky
Hello.... I am a newbie from Kentucky. A little town that made national attention in 2012 for being wiped out from a massive tornado.(West Liberty). I have been interested in real estate for sometime now. Through the years I have flipped a couple of houses and had one rental property for a little while. That was just a taste. Now I want to do this in a more serious nature. I am in the family Electrical Contracting business. For the past year I have devoted a lot of time into educating myself on wholesaling and Flipping. The main reason I want to do this is for my Family. Like most people on here, we are looking for a little freedom. I am also looking for the future. I want to be the first in my family to actually retire and not just nasty away at their job....lol
The biggest problem I see in getting started is location, location, location. I live in a small town. Our population has declined greatly since the tornado. Instead of rebuilding a lot of families fled the town. I assume that I will have to be more versatile and pursue properties in other areas. I would like some help with this. Any tips I can get on expanding my areas. I would like to network with people in many areas. I regret not finding this site sooner. I hope to surround myself with a strong team.
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Welcome!
Well post-tornado damage, or any natural disaster, can be the prime time to make a fortune flipping because you can sell back to homeowners wanting to stay in the area and have a house to live in. But like you say, if everyone is leaving more than anything, hmmm...maybe not. I guess it depends on how likely people are to stay.
The good news about flipping is you can do it almost anywhere (unlike rentals). The trick is finding the team to do it.
Good luck!