New member from Charleston, SC area

[Danni Roper]

Love this site and the people on it!

I recently retired from a job in chemistry and I want to start flipping houses but I don't have enough money to get anyone's attention. I've spoken to Realtors and Wholesalers but no one has what I need, which is a really cheap fixer-upper. No, what I really need is a Realtor who knows more than I do and can tell me if a house I select would be a smart move, ie would it re-sell. A partner? Passive investment? I don't know but I've been energetically going on circles for the past couple of weeks. As a Chemist, I'm used to knowing my field but now I'm totally in the dark. Any advise?

Danni 

[Grant Greene]

Danni:

Good afternoon, and welcome to BP! Here's some food for thought:

Before you make your first investment, meet with a mortgage/financial professional. They'll ask you to share your short- AND long-term goals, and then they'll help you construct a plan that will do two things:

1. Achieve your short-term goals that will produce proceeds and resources that will,

2. Give you the wherewithal to pursue and achieve your long-term goals

Many investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals. Since you're not paying a mortgage pro for consulting, it's in their best interest to give you a solid plan so you're successful.

I wish you the very best!

Grant