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Updated over 9 years ago on . Most recent reply

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2
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Zack Smith
  • Newport, KY
0
Votes |
2
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Where do I start?

Zack Smith
  • Newport, KY
Posted

Good afternoon,

I'm at the point in my young life where I would like to follow my passion and begin investing in Real Estate. Currently my goal is flip a house a year with my contractor, my dad, and buy one rental property. I just refinanced on my current home and I'm looking for ways and resources out there to help me begin. Currently I have around 15k set aside for this venture of mine. With so many options and resources out there it can be over whelming where to start and how to locate good investment potential. 

First-- do I have enough to get started? I just refinanced on my home and do not have an FHA loan at this time.

Secondly- Would like to find a property to flip first and get my feet wet with. What are key indicators to tell if a home has good potential for investment opportunities? 

Third-- What is a good read that I can buy to help simplify the process. Right now everything I read completely confuses me and leaves me scratching my head instead of running out and buying a property. 

I'm located in Northern Kentucky, hopefully someone can help. Have a great day. 

Most Popular Reply

User Stats

16
Posts
6
Votes
Steve Spencer
  • Investor
  • Berea, KY
6
Votes |
16
Posts
Steve Spencer
  • Investor
  • Berea, KY
Replied

Hey Zack, sounds like your in about the same boat a lot of us were a few years back.  I am also located in Kentucky, just south of Lexington.  It appears to me you are in a great location to get started with Cincinnati at your back door and large residential areas in Newport and Covington area.  Reading and thinking about it all day long will make you very confused.  My advise is to go find a deal then ask on BP if its good or not before writing the check.  I would love to talk with you anytime and if your in the area feel free to spend the day and we can look at some things to help you get going.

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