Looking for advise getting started

[David Colson]

Hey there BP community, I have been in real estate in one way or another my whole life. I owned a remodeling business for over 10yrs and for the past 10yrs I've been working as an HVAC technician. While still doing some remodeling on the side. I found BP just over 2 months ago and have listened to over 50 episodes of the podcast, it has blown my mind on ways to become a real estate investor. I have reached out to some of the investors that I've worked for over the years and none of them showed any interest in working with me or mentoring me. I live in Binghamton, NY, it's a small city and everybody seems to be buying everything up and turning it into student housing, maybe that's why no one is interested. Does anyone have any ideas or am I going about this wrong? I'm looking for advice on my approach. My plan is to do some fix and flips while trying to pick up some buy and holds along the way. I trying to find a way to start working with investors instead of working for them! Thanks, everyone

[Kyle J. Cooper]

@David Colson

Don't worry you won't find that here, there are plenty of people on BP more than willing to help! Keep learning as much as you can and see if there are any people on BP in your area. 

I'd first connect with a local Realtor, preferably one who works with investors or invests themselves, and have them set you up with automatic MLS listings. Determine your criteria for the fix and flips you want to do based off bed/bath, sq/ft, etc. Brandon Turner calls this the LAPS funnel, get some Leads coming in, Analyze those leads, Pursue those leads, and you'll reach Success.

I'd consider the BRRRR strategy as well, this would accomplish your desires to fix and rehab rental properties, obtain long term rentals, and recycle the same cash/lender on deals moving forward. I'd sign up for the free webinars and continue to learn and network here on BP and you'll find what you're looking for! You have skills that most investors are looking for especially when it comes to good reliable contractors or handymen. Use those to maybe work on some ongoing projects while you're learning about expanding your own rental portfolio, then you'll be ready to branch out when the time is right. Hope this gives a little clarity. Cheers!