New to BP and Real Estate

[Beth Barrow]

Hello all!

I wanted to introduce myself, ask for advice, and try to network a bit in order to gather some direction in regards to becoming a real estate investor, specifically buying and flipping properties.

My name is Beth Barrow. I'm 35 years old, a mother of three, and currently residing in the Winston-Salem area of NC. I have always worked as a W2 employee within the office administration field. However, I have recently experienced a job loss which has put me on a path of rethinking my future endeavors in securing employment.

I have always had an interest in buying and flipping homes, which mostly started from watching TV shows. Although, I am fully aware it is not at all how HGTV and other programs portray it. There are many moving parts involved, from securing funds for your property purchase, finding a property that would be profitable, analyzing costs of repairs and ARV, finding reputable contractors, planning, designing, etc. In all reality, there is a lot involved; a lot of hard work, time and effort put into the overall process, and there can be much at stake.

Knowing all this, I still want to pursue a real estate journey of buying and flipping properties. I am basically starting from scratch, trying to research and gather as much information as possible. My biggest obstacle will be securing funds for my first flip. I also don't know the best outlets outside of the MLS to search for properties and put them against comps while analyzing costs. Another obstacle would be securing a team of sorts to complete the actual renovation portion. This is where I know vetting and networking will be extremely beneficial.

Any advice anybody could recommend, especially for my particular area, would be extremely beneficial!

[Peter Patel]

HI. Good Luck. Join Facebook Groups that are for Investing and Flipping, Learn and ask questions. Look out for local Networking meetings. Lots around. You dont need a license to buy and flip but it helps. You must invest in yourself with some courses. They provide tools too but dont go for expensive ones. I'm in California and with eXp Realty and have offices throughout USA and can help you affiliate once you obtain your license. Then you will have an abundance of help, tutorials, meetings, tools, etc to Grow! Best move I ever made in my 25 years in Real Estate.  Flipping is not just buying, fixing and selling, You can Wholesale too. Secure a contract, sell to another buyer, make the 'spread'. Good luck.