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Updated over 4 years ago,
29 Yr old with capital for investing// In need of some help
Hi guys,
I live in the Inland Empire in Southern California and recently sold the company that I helped build which has left me with no day job and a decent amount of money to invest. I need some help figuring out where to start this journey. I am currently helping to flip homes with my Dad, brother, and a partner. We have had some success flipping 2 homes now and I can see how this can be a very attractive way to make a living.
I need help taking the next step. I understand that the most difficult part of being a flipper is finding the right deal to begin with. Currently we are relying on the partner to find the deals through his network of wholesalers and auctions but he is not jumping at the opportunity to share those contacts with us since that is a large portion of the value that he's bringing to the table.
My questions are as follows:
-Is it worth it to set up a funnel similar to a wholesaler to find direct deals for flipping? (This seems like it can turn into a full time job quickly and I'd like to focus on adding value to properties and flipping them as my primary business. I'd love to hear from someone who has made this work.)
-Is there a group here on Bigger Pockets that I should join? I really enjoy doing this kind of work but need some help to move forward. I'm new to BP and to this industry in general but I am excited to continue learning.
Any and all feedback is greatly appreciated.