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Updated over 5 years ago on . Most recent reply

User Stats

13
Posts
10
Votes
Dustin Burt
  • Flipper/Rehabber
  • Pasadena, TX
10
Votes |
13
Posts

Newbies seek Mentors but Mentors seek money

Dustin Burt
  • Flipper/Rehabber
  • Pasadena, TX
Posted

Hope my title wasn’t too off base but so far as I seek someone to learn from in the house flipping market of Houston most only seem interested in what is profitable to them. I understand this of course but I am wanting to learn the subtle ins and outs like what are the first things to look at on a property, how do you accurately calculate your costs (fixed, rehab etc) before someone else grabs the house and before you have the experience?

Most guys I see are running solo to 2-3 man teams so there is no room for interns or anything of the sort. I can and have offered discounted labor because I have experience in several areas but for whatever reason that doesn’t interest folks.

I have some very good potential investors but want to prove my readiness in some ways so when I ask for $150k they can see I’ve done my due diligence along with the Reno I have done in the past..

So how does a newbie get his feet wet and see things first hand BEFORE buying his first deal?

Most Popular Reply

User Stats

226
Posts
115
Votes
Kevin Martin
  • Jacksonville, FL
115
Votes |
226
Posts
Kevin Martin
  • Jacksonville, FL
Replied

if You want it bad enough you will figure it out. You are at least a pair of eyes, and someone with a phone....I know at least a dozen investors/contractors that could use you. If no one wants to pay you then you work for free....plenty of people work for free or lose lots of money when just starting out. (Ask any new small business owner) Again it comes back down to how bad you want it? if you are paycheck to paycheck then you work 8hrs, sleep 6, and the rest is devoted to whatever your goal is    There are no shortcuts! You have to work your ASSet off! Good luck! 

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