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Updated almost 9 years ago on . Most recent reply

User Stats

4
Posts
2
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Thomas Varner
  • Delray Beach, FL
2
Votes |
4
Posts

New investor.

Thomas Varner
  • Delray Beach, FL
Posted

Hello there, my name is Thomas Varner. I am currently living in south Florida between West Palm Beach and Miami. I am extremely interested in becoming becoming a residential restorer. Aka house flipper. However i have absolutely no experience in the business and am in desperate need of direction from professionals who have what i want. I am currently reading " Real Estate Rehab Investing Bible" and so far what i got out of it is that...

1. I need to start networking with realtors, investors, mortgage brokers, attorneys , etc..

2. I dont need to have a lot of money to start nor do i even have to pick up a paint brush during the rehab.

3. I must have the proper legal permits, contracts with the contractors so they have incentive to finish the project upon an agreed upon date. Basically that there is a lot of preparation before anyone even picks up a hammer or saw.

So my questions are, 

How do i get someone to loan a 21 year old with no credit $100,000?

Where do i start?

Most Popular Reply

Account Closed
  • Real Estate Investor / Agent
  • West Palm Beach, FL
38
Votes |
143
Posts
Account Closed
  • Real Estate Investor / Agent
  • West Palm Beach, FL
Replied

@Thomas Varner

The first place to start would be here. The podcasts are awesome for experienced and newbie alike.

There are many ways to do this business but I would spend some time and planning on looking at what type of project you want to take on.

As far as CPA's, GC's, RE attorneys, title companies, property management, etc. I would be happy to point you in the right direction to amazing people that will make your journey less painful.

Hope all is well,

- James

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