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Updated over 5 years ago,

User Stats

8
Posts
0
Votes
Edwin Martinez
  • Flipper/Rehabber
  • Chicago, IL
0
Votes |
8
Posts

Back to square one. Any advice is kindly appreciated

Edwin Martinez
  • Flipper/Rehabber
  • Chicago, IL
Posted

Hey everyone. So I bought my first property about more than a year ago. I decided to fix, flip and sell. Not knowing anything about flipping a house or real estate in general. I ended up completely failing to meet my goal. I had the wrong people helping me out and I just kept making all this stupid mistakes. Long story short somewhere along the end of the process after being so hard headed about selling the house, I realized I was going to take a huge lose. I’ve put so much money out of my of my own pockets into it. I decided it would make sense to move in the property due to certain circumstances in my life at the moment. I learned a few valuable lessons along they way and realized I have to take a few steps back and go back to square one. Also I realized I needed a partner that can help me finance and share the risk or a mentor. The problem is I don’t know anyone who is a savvy investor. Everyone in my circle works for a boss in a 9-5. and I really don’t have any valuable connections so I have been going to meet ups in my area. The problem is I feel like I really have nothing to show or talk about since I really have not done anything worth talking about. I sometimes over hear some of their convos and it’s mostly about all of there current deals and projects and success they’ve had with other experienced investors. What can I do for or how can I approach these more experienced investors to convince them to teach, help me or work with me? I have no credit to get a loan but I do have some capital to work with (money), but I think I shouldn’t mention that I feel like some might just try to take advantage knowing I’m not very experienced, but unfortunately at the same at this point in my career I feel like thats the only thing I can bring to table. Anyone has any advice or comments?

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