Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Jeffrey Briscoe
  • Spokane, WA
0
Votes |
4
Posts

Very New to Real Estate Investing

Jeffrey Briscoe
  • Spokane, WA
Posted

Hi everyone! 

I am very new to BP and investing. I have many years of experience in residential construction remodeling and general repairs. I currently live in Spokane, WA and have a wife and two kids. I am blessed to be able to choose my next career as my wife has been able to retire me from having to do handyman work to pay the bills. We have an online business and am looking to start our investing careers. I am open to investing in the Phoenix, Spokane, and Boise areas. I am in search of ideas and ways to invest without using my own money at first so any ideas or information is welcome.

Much Appreciated!

Most Popular Reply

User Stats

104
Posts
59
Votes
Julian Sibley
  • Lender
  • Everett, WA
59
Votes |
104
Posts
Julian Sibley
  • Lender
  • Everett, WA
Replied

@Jeffrey Briscoe Welcome! You should network with local investors, I'm sure you can find someone who has money, but no time. Ideally you would want to structure a deal where they receive the majority of the profit (since they will have all of the capital invested in the project). Then from there you can start negotiating, or even rolling your profits back into the next deal to share some of the risk (and receive a higher profit split). Once you've built trust, and some profits, you'll be good to go.

Finding a good GC is difficult, and there are plenty of people who want to invest but don't have the time/skills/knowledge to perform (or manage) the work necessary to rehab a flip or repair a rental.

If you ever make it to this side of the mountains I'm sure you could meet plenty of investors who would be interested in investing in the Spokane area.

Good luck! 

Loading replies...