Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago,

User Stats

17
Posts
1
Votes
Isaac Dominguez
  • Providence, RI
1
Votes |
17
Posts

New to real state investing

Isaac Dominguez
  • Providence, RI
Posted

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

Loading replies...