New to real state investing

[Isaac Dominguez]

Hello everyone,

As a new real state investor, i cannot be thankful enough to this great source of knowledge. The amount of knowledge and tools on this site, let alone the networking aspect, speaks volume. Huge thumbs up!!

I just started a partnership for a house flipping business with a friend of mine. We are funding our first project with 70-80 k (own cash) money from both of our savings. This is savings i had besides my emergency funds and other savings for family travels and other purposes. Basically 35k i had sitting on the bank, gaining minimal savings interest.

So we went ahead and form an LLC, Spoke to a few local investors we know, and we are currently on the proccess of looking for our first house to flip.

I met with 2 real state agents, one that deals directly with different banks and another one who set us up with an email alert for properties in the market.

However, I 'm aware of how tough competitors can be in todays market and would like to know, what other things we should be doing in order to find our first house to flip.

I know we have a limmited budget and that actually works against us, But i was wondering if there are specifics sites or people i can talk in order to get access to properties that are not out there for the taking, or in other words, properties that are not available to every single investor.

Also what other advice can you give this newbie business.

Thanks in advance

[James Vermillion]

Have either (or both) of you thought about actually getting your real estate sale's license? There are a lot of threads that discuss the various reasons for doing so, you should check them out. Both my partner and I are licensed and it has served us very well over the last several years. Good luck!