Doable newbie flipping group?

[Tim Davids]

I've read enough posts here now and soul searched myself to have this idea:

It seems there's a lot of chicken and egg problems for new RE investors that are looking for experience and future private borrowing.

Short version of my idea is put together 9 newbies and 1 pro, all BP members and do a few deals together to build experience and a track record.

I'll spare you the details for now but the abbreviated version is $5k each into the pot. Buy, fix and flip a few $25k or so deals until each member has a documented track record and a nice nest egg to head off alone.

A "pro" would be on board to help and the whole thing can be a thread here at B P.

This can cure the dilemma of "I need experience to get hired but no one will hire me without experience"

The group should be as local as possible with each member committed to show up at the property at least once and to be present at online meetings.

Thoughts?