I’m a real estate agent looking to expand my horizon

[Andrew McManamon]

I’m a real estate agent looking to provide more value for my clients. I’ve never been a person whose been hands-on, I’ve always been business and paperwork minded, but I’m looking to do the nitty gritty of flipping houses, but don’t have the capital to do so. I want to learn everything about a house, I don’t want to be the typical narrow minded real estate agent.

[Joel Owens]

Learn how to underwrite house projects. There is a book on this site by Jason Scott with 123flip. Read that a few times to get acclimated.

Find a deal and then try to find a partner on it with more experience. You likely will just get a small slice of equity to get going.

It's late in the game in most parts of the country for residential flips. Lot's of guru's are pushing seminars selling programs and hyping up returns of the past just off the bottom of the recovery and having new investors believe they can easily achieve that today. I saw this last cycle. Investors when deals are fat want to hoard deals. When deals are getting thinner and thinner they shift to selling information.

I am just talking in generalities and not any specific company.