Planning First Flip In 2014

[Guevara M.]

I've been interested in doing a flip for some time now but just haven't had the dedication it takes to actually get the ball moving until now. My best friend & I have been talking about doing a flip together. His mom is a home loan lender for a large bank & has been in the industry for several years. Her best friend is a really seasoned real estate agent who I have known for about 8 years. His parents have a friend who works for the local police department & he flips houses part time. Not real sure how long he has been doing it but from what I've been told he has been successful with his flips. I've met the guy before & he is a really nice person. Looking at using him as our mentor & in return we could go help him work on his flips on our days off. He does most of the work on his properties & I'm sure he would love a couple of extra hands helping out.

Am I moving forward in the right direction or should I step back & rethink things? Any advice would be much appreciated!!!

Thanks in Advance!