New to Real estate investing, Wholesale & flipping in Connecticut

[Kassandra Perez]

Hey guys My name is Kassy and I am a new real estate investor/ flipper and wholesaler in the Connecticut area 

I have been digging through the internet trying to find a good lender for any of the deals I want to do regardless of its a fix & flip or a Fix and hold. In anyone's best advice should I just buy the programs from one of the guys I listed above so I can get the paperwork I need for these types of deals and at least know more about what I am doing? or should I partner with another investor who has had a bit of experience doing this and we could split the profits and show me how things are done and use Propstream?

Trust me I am not afraid of going for it, I had a lot of savings and was about to start doing investing back in March but Covid hit and I could not get my LLC started because the state shut everything down! after that I was laid off my job and never received my unemployment, My bills ate away almost all my savings. So now I can't fund the deals myself unfortunately.

This is not only for me but for anyone else that is new to this, how can I get started in either wholesaling a deal or getting the funds to fix and flip a house in today's markets with the banks and lenders being more strict with their lending requirements? What types of questions should I be asking the listing agents and owners? What is the typical time line for a wholesale deal vs. a fix and flip 60-80 days? 

My last question is where can I connect with an investor in my area who has already done deals or have funded deals in the past and is willing to split all profits and can bring me under their wing, Teach me what I need to know about wholesaling or flipping and do amazing deals together?

I know this is a lot of questions and information but any advice would be super helpful!

God bless you all and I hope everyone is staying happy, Healthy, and Safe!
   

[Eric Perez]

@Kassandra Perez

Hey there! New Haven county newbie here. I definitely would love the input from more seasoned investors because I have a lot of the same questions you have.

As far as finding local investors that you can network with, I can recommend a couple of things I have been doing. There are Social media groups on sites that you can join and I have been able to follow local investors this way. For now, I read what is posted and asked and am able to learn what the feel of the RE community seems to be like.

The second, and what has been MOST helpful for me was to take any skills I have and have posted an ad on Craigslist looking for an investor that needs a hand that my skill set will allow me to help out with. More specifically, about two years ago I decided to quit my job and learn all I could about maintaining a home. I’ve taken more and more jobs focusing specifically on picking up skills that’s would help me once I purchase my first property.

Through this I have met a local passive investor that I now consider a friend and a mentor, an Agent who flips and taught me A LOT about what goes into a flip (it was a COMPLETE gut that I need to make a write up on)

And lately, I have met a local broker who I do small maintenance jobs for at his properties and intend on learning anything I can from the brokerage side of things. Again, all from just offering my services with DIRECT intent disclosed.

From this, I’ve learned a lot about different aspects to investing, the locals who are doing it in my area, networking, AND making some money while I finish up school. I’ve also discovered that property management may be something that will be in my immediate future and a pillar I will use for my investing future.

So yeah, I would recommend finding something you can offer, any skill set, and possibly throw up an ad here, on CL, FB, or all three at the same time and make it as OVERT as you can that you are looking to meet local investors.

I wish you luck and would definitely like to hear an update down the line!