Tirell from florida

[Tirell Graham]

hi everyone new to the site very excited about investing in real estate.  I 'm a cable technician from Ocala FL  have been for the past 15 years and i love it.  Meeting new people everyday and forming friendships with them its amazing. But you do have your bad DAYS! LOL Over all its a great job. i have had an interest in real estate ever since listening to rich dad poor dad on CD. The information just made so much since.  If you have any tips for purchasing my first flip i am open to it. Thx

[Thomas Franklin]

@Tirell GrahamWelcome to the community, of BiggerPockets! The people here have a vast amount of knowledge and are more than willing to share their experience and provide sound insight and advice. Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community. 

If you are interested in flipping, I would suggest the following. You need to find and Investor Friendly Realtor. Interview several Realtors and ask them the following questions. 

1. How many investors do you currently work with and how many investors have you worked with, in the past?

2. How many transactions have you closed, with investors?

3. Do you currently own any Investment Properties? If so, what type do you own?

4. Are you a member of any REIAs?

Once you have found a Investor Friendly Realtorask him/ her to determine the hot markets, in your County, with the greatest number of sales over the last 90 to 120 days using the MLS. Personally, I would prefer 90 days because markets are always changing. This list would contain the zip code and corresponding name of the municipality as well as a breakdown of the number of SFRs.

From this data, you can utilize a website that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code. This will identify the retail price ranges, in which you can list the rehabbed property and the price ranges, of distressed homes, you should target.

Go to the website bestplaces.net and search best places using zip codes and a map will pop up looking, for housing stats and look for chart scrolling down looking for value of owner occupied. This will give you stats were you need to buy houses at the right price range. Evaluate the sweet spots to find the ARV Price Range, to work in.

I hope you find the above information to be of value. I am located, in Miami. I am a Rehabber as well as a Buy and Hold Investor. Please free to reach out, to me, if you feel I may be of assistance, to your Real Estate Endeavors. Much to your success!