First Time Flippers Help

[Anthony DeMichael]

Hi Everyone! Me and my wife are looking to get into real estate investing.  We are looking to start our journey with flipping homes.  Im currently in the process of getting my real estate license and she has studied in interior design.  I know this may be sort of a silly question but how do we know when we are ready to begin? We both have been reading and researching trying to gain and learn as much knowledge as possible.. how did y'all start did you just sort of go for it? 

[Mitch Smith]

@Anthony DeMichael Hey Anthony, Welcome to BP. I applaud you for taking the first step, reaching out to BiggerPockets, and taking action. First of all, let me just say, there are a lot of differing opinions on whether you need a real estate license to become an investor. You will hear both sides..In my opinion, it is definitely not required, however it is the route that I opted to take and it has served me very well. If nothing else it got me talking to people and learning the lingo. It helped me learn what investors were looking for and why they found it important. That was well over a decade ago. And although I did not get my license to become an agent, I simply did it to help me become a more efficient investor. I would recommend you get your license and actually do a few transactions. Its a great learning process. 

I currently live in San Diego and do business in Indianapolis. For the last 8 years I have built my own rental portfolio, established an amazing out of state team, and do 15 to 20 new construction and flip projects per year. You are on the right track. Keep it up. Let me know if I can help or answer any questions along the way. 

Good Luck.

Mitch