Discouraged First Time Flipper

[Pete Perez]

Hello BPers,

I have been learning as much as I can from BP for the last 3 months and had started reading about real estate a few months before that. At this point I feel stagnant.

Over the last week I have been building my team of contacts to begin flipping houses here in Southern California (Inland Empire specifically). I have a investor-friendly realtor lined up who can help me estimate ARV of potential flips, made some wholesale contacts, made a deal analyzer for myself, and went to a real estate meeting for the first time last week. I can't seem to make the financing piece work. I don't have any family that will, or can invest with me, so I have been calling hard money lenders all day. None of them will lend to a first time investor with no money. All of the @Brandon Turner 's book on investing with low and no money down, but can't seem to make it work for me. I have a good paying job as an engineer, but just don't have the money saved up to invest on my own. Has anyone experienced this, and if so does anyone have any recommendations? I know its possible, but am just hitting the proverbial wall.

I really appreciate any feedback from the BP community. I don't want to give up on this, but just not sure how to proceed.

Thank you

[Brittany Critchfield]

Wholesale, wholesale, wholesale!! Take your few thousand and send out postcards, door knock, call for sale by owners, or houses with a for rent sign out front. DO SOMETHING...ANYTHING.  Once you have done a few wholesales build a investor portfolio based on your wholesales and detailed plans for the future and send it out. Investors will take you a lot more seriously not just because you've actually done wholesales but because you have sent out post cards ect... your hustling! People respect people that are doing SOMETHING!