First Steps

[Aaron Jones]

I have been in the education stage for quite some time now (since last summer in fact) and I am tired of being stagnant. I have made it a personal goal to at least attempt my first deal this summer. At first I was going to start with wholesaling and work my way up, but recently I have been interested in flipping homes. With that being said, I have some questions about market research as well as funding. First, which method of funding is a good one for a beginner? I thought an ordinary bank loan would work however, I'm quite young and a bank would probably just laugh at my credit score, also I learned that banks don't like to fund rehabs. Now i'm leaning toward hard money lenders but don't they also look at credit? Any information on funding would be appreciated. My second question is, how does one properly conduct market research? I understand how important this information is as you only want to rehab homes people will buy. Any additional advice on getting started with flipping would be greatly appreciated as well. I am looking to start investing in the greater Raleigh Metro beginning this summer. Thanks!