Hi! New member from Houston TX.

[Leticia Fernandez]

Hi BP community. 

My husband and I are starting off our REI journey and looking to connect with the people in this awesome community for wisdom and advice.

The short-term plan is to purchase a home to fix and flip. I am trying to learn as much as I can but I know ultimately the best way to learn is to actually go through the process. The rehabbing piece isn't what a stopping us. I think once we get there we're good, the beginning process is what I need help with, finding the right home, lining up funding and the due diligence process. I look forward to building connections to help me through this journey.

Thank you,

Leticia

[Joel Calkins]

Hey Leticia, Welcome to the BiggerPockets community!

I applaud you on getting into the REI game because it can definitely feel like you're drinking from a firehose at some times. But when it comes to finding homes and financing there is tons resources you can use.

As for finding homes: Find out what method suits you. Maybe you want to use an agent and have them do the dirty work (Try and find an investor friendly one) or maybe you've been surfing craigslist and are calling landlords to see if they want to sell. There is no wrong way to find houses!

As for financing: If you're in the position to secure a loan then I encourage you to check out all the different types of loans, FHA, 203k, conventional and see what makes sense for your situation. If you find the deal but don't have the money you're in luck because you have one half of the puzzle and your local REIA club has the other. If you gain the knowledge on a property and market it to other friends and investors they may want to get in on the deal with you.

I encourage you to become a sponge and read books talk to investors and definitely tune in to the BP podcast. 

Best of luck with your future investments!