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Updated over 2 years ago on . Most recent reply
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Looking to get started as a Real Estate Investor Advice Please..
Hi,
I’m an Interior Designer and I own a residential and commercial paint company in Atlanta. I am truly passionate about becoming a real estate investor for short terms and fixer uppers. Any advice on how to start? Also, I’m looking for a great mentor in the Atlanta area.
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The best way to get started is to get into a deal. Not just any deal, but a deal that has a manageable rehab that provides an opportunity for profit as well as an opportunity for you to learn the ropes of what it takes to get a fixnflip in the books from A-Z. It seems like you more than likely have the experience that it takes to manage contractors and make sure the work gets done based on ownership of a paint company. Biggest downfalls I see are people thinking a deal is a deal when its not and going with the wrong contractors. A deal is different for all people based on their investor profile (Hard Money, licensed agent, Cash, Purchase only loan, Rehab size, ARV Upside) If you have anything specific that is stopping you I would be happy to answer any questions.