Getting started in Longmont, CO

[John Schober]

I'm Johnny and I'm new at this. 

I've been listening to BP for a few months. 100 episodes later I've decided I'm going to be a real estate investor. I've come up with a plan that I believe will allow me to complete my apprenticeship (I am an electrical apprentice doing primarily industrial work) and build an investment portfolio. My vision for the next two years is earn my Journeyman's License, and acquire knowledge through flipping some houses on the side of my W-2 job. Once I have that license I will switch to working for myself, or possibly a team of people that I have helped build.. maybe join one that is already out there? Who knows. 

I enjoy working with my hands and doing so is part of my vision for the future. I'll never have to hire an electrician, and my future rentals will have some pretty wood working features in them. That being said, I'm not unwilling to bury my nose in a book, make a bad *** spread sheet, or put in the time to be the best I can be at any task. I'm currently consuming as much knowledge as I can. I listen to BP while I'm at work and my online shopping cart is full of books on real estate. My current cart is BP's guest Tarl Yarbor's recommendations; The 4 Hour Work Week, The One Thing, and Checklist Manifesto. I loved his message about building a business around the life you want. I've heard that message and I intend to do so. 

I believe I have enough knowledge to start. I intend to put my feet the ground and check out the neighborhoods in my current city of residence; Longmont, CO. I'm going to find that first deal. I'm looking for overgrown lawns, shabby porches, patchy roofs-any sign of deterioration. Once I find what I'm looking for I'm going the old fashioned way and knocking on doors, and leaving flyers if no one wants to talk to me. Once I close the deal I intend to flip the property or apply the BRRRR method. I will do most of the work myself, with the help of tradesmen I have met through my job. Then I find the second deal..

Today is day one. I'm making a flyer tomorrow morning. I want to print 100, and have them gone by the end of the week. 

To be 100% honest I didn't even know this was my plan until I typed it up, but the advice that is most often given from BP guests is to get started. Typing this felt good, and I'm excited to start. I have a vision of my future, and I'm about to put in a lot of hard work to make it a reality.

If you have any advice, or are in my area I'd love to talk. If you are an established house flipper nearby let's find a way to help each other out.