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Updated over 5 years ago on . Most recent reply
Getting started in Florida
Hi everyone,
I've just read j. Scott's flipping houses, Phil Pustejovsky's real estate investing gone bad, and Sabi Sheperds real estate flipping. I currently work two weeks per month. I have a fair amount of downtime when at work. I have a good income and live below my means. My idea is this that I could be scouting for properties to flip while at work and get started with the purchasing and flipping process at home in addition to looking. After reading J Scott's book on flipping and some other articles it has become clear that getting a real estate license would be ideal. I figure I can knock out the real estate license on line during my downtime at work. The financial costs or time spent would not be any large sacrifices to me at this point. It seems an online course runs about $100. I have a good grasp on home repairs as I have replaced walls, roofing and even remodeled my own bathroom successfully. I have installed every type of appliance used in my locale save for an HVAC system. At this point I'm trying to put together a game plan and after having read these three books this seems to be the recommended path: A: get a real estate license, B: start searching the MLS and other resources for deals, C: start viewing properties and try to assess good deals using J Scotts MPP model, D:make an offer.
Am I oversimplifying this? What do you guys have for tips for a starter in my position? Which on-line course would you recommend?
Thank you!