Guidance on flipping and/or buy and hold

[Jolene Blazey]

Hello,

I live in the San Fernando Valley, in Chatsworth, California. I am so anxious and excited to get started on my investing career. I am currently having a hard time "funding" a deal. I am looking to either flip and/or buy and hold. I put in my first offer which fell through due to my husband being laid off recently. With just my income alone, we did not qualify.

I have called several hard money lenders and all require “skin in the game” and being that I have no capital yet, hard money isn’t an option.. not yet anyways!

I would love to house hack, but there are very few options in my area, and being that we have 3 children, in 3 different schools, (Elementary, Middle, and High School), makes it that much harder to go this route.

I know there are ways to creatively finance, and super open to any ideas anyone may have. I am currently reading "The Book on Investing in Real Estate with No and Low Money Down" by Brandon Turner.

I am really going outside of my comfort zone posting this here but I could really use some guidance on getting out of the rut I am in currently. I am looking for someone who would be willing to show me the ropes and I will contribute in anyway possible in exchange, to bring value anyway I can, I would even be willing to pay a fee for some training/mentorship.

I thought I had found a mentor, he said, “start sending deals my way and we’ll split the profit.” I did just that and he pulled away :( Not sure what happened there, but I got the feeling he wasn’t as thrilled about this industry as I am. Either way, I got the drift, and here I am. Reaching out on BP hoping for some advice/help/guidance :)

I am so eager to continue learning and moving up in this industry to the point where I know real estate so well that I can mentor others in the near future :)

If you know anyone, or you yourself can guide me in the right direction, I will be forever grateful.

Thank you all so much in advance.

Jolene

SFV, San Fernando Valley, California, Los Angeles.