Getting started in Real Estate by Flipping Houses

[Tony Pellettieri]

Hello, my name is Tony. I live right outside of Charlotte, NC and I just got started investing! For the past 4+ years I've been preparing/trying to figure out how to get started investing in real estate. During that time I've listened to many books, currently over 200+ in my audible library pertaining to investing/personal finance, trying to learn as much as I can every day. Rich Dad Poor Dad, Secrets of the Millionaire Mind, and Think and Grow Rich are the corner stones of the path that's lead me to where I am today.

Perhaps an unconventional way to start, especially with the tremendous learning curve when just starting out, on December 1, 2023, I decided to leave my job in sales of 3 years and commit full time to learning how to flip houses first hand. The first house I put under contract, come to find out after consulting with a GC, needed to be torn down and rebuilt. As difficult as it was to swallow my pride, I ended up backing out of the deal. Though I lost my earnest money, I saved and learned a lot by not moving forward with the purchase of that property.

Fast forward 2 months, after learning how to much more thoroughly analyze a deal with help from other investors, I currently have two so far successful flips underway. The projects are a couple of weeks behind schedule, but much progress is being made. Each day is a learning experience and I'm loving every minute of it. Although I did get off to a bit of a rocky start, as expected, I look forward to continue learning, especially in the area of creative financing!