How to Get Started With Real Estate

[Shoaib Ali Chaudhary]

Hey community,

I am really interested in making real estate my day to day job but I have no idea how to start off. I have money to invest and I have some experience with construction as I have worked as an electrician for 3 years, general construction for 1 year and currently doing all of the rehab for my primary residence. Back in NY I shadowed the construction on 2 houses my uncle bought from foreclosure and needed rehab which were then sold for profit. 

I live in Dallas now and I am trying to figure out how I should start my career here as a real estate investor/flipper. I have been combing through the MLS looking for deals daily, but im unsure of how I would even fix up a property as I dont know of any builders out here, nor do I have a crew to get the work done. I dont mind getting my hands dirty and doing the work myself but thats not an efficient use of my time.

How can I start finding a crew to do rehabs for me or how can I get connected with builders/contractors to work with?

Am I even going about this the right way? I would like to take some suggestions on what I should be doing. My end goal is being able to flip/rehab properties. 

Thank you 
 

[Preston Dean]

Hi @Shoaib Ali Chaudhary

I would start off by getting your team together or as Brandon Turner from the BP podcast calls it. Your CORE 4

1. Your contractor

2. Your deal finder (agent/wholesaler)

3. Your property manager

4. Your Lender

My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER. There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area. My suggestion would be to select someone with the most forum posts or most reviews. That way you know they are active in the BP community!