Where do I start?

[Zack Smith]

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. 

[James Wilcox]

IMO you should probably not start with a flip, but if you want to go that route then just do it. However, if you are confused already that isn't a good start. You should read "The Book on Flipping Houses" and "The Book on Estimating Rehab Costs" by Jay Scott found on this site under resources / BP Store. This will help a lot. Read both of those front to back and get your credit score in line (if not already). 

If you want to buy and rehab a property with your 15K cash only then you might want some more cash or find some creative methods of paying for these expenses which is very possible to do. Good luck Zack.