How much learning before looking to purchase a flip?

[Joseph M Bongiovanni]

I'm sure this question will have varying answers but seeing as I've just started having a real interest in learning to flip properties about 2 weeks ago, how long did the now experienced REIs take to learn about the business before actually looking for your first purchase? I've only just started reading my first book (The Book On Flipping Houses) as well as listening to podcasts on BP, reading blogs and messages in the forums. I have spoken with a seasoned agent for some basic info and I plan on attending a local REIA meeting this week. I know I have so much to learn before I'm ready. I do have a partner who is also inexperienced. Between us we do have access to the funds necessary for a down payment on an investment property but not much else yet. I'm gonna guess most put in at least a full year of research and networking before taking a chance.

[Geoffrey Schnake]

I'll probably get crucified for this but here goes. dude, this is not rocket science. buy low, sell high, don't risk more than you can stand to risk, but just go ahead. figure out what the property will sell for, figure out your costs, know what profit you want to make.wala, if you subtract from the selling price you know what you can buy for. go forth and make money tomorrow. delaying is the enemy of advancement.