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Updated almost 2 years ago,
Some questions on starting house flipping
Hi,
My name is Shalom Wininger. I am new to real estate and am trying to start off by doing fix and flips. I did research into it and am very familiar with it and how it works. I just have no experience at all. I am living in New Jersey and am looking into real estate here as well. I had a few questions that perhaps someone can advise me on. 1) I was told to get a real estate agent to help, I have been trying to get an agent to help me, but most of them never get back to me and the ones that do, and I tell them what I am interested in doing, they never follow up with me and it is hard to keep chasing them, any advice as to what I should do about this? 2) I would try to do deals myself but I don't know how to do that, I have no contracts and I have no clue how to make and write an offer to even start anything off, the only way I can think of making any offers is with an agent, but that will cost the seller an agent fee and will minimize my chances of getting any deals, what should I do about this? 3) Is it best to try to get a partner, someone who is already experienced? I have tried that as well but no one is really interested, how do I go about this? 4) Even the distressed houses are only offering to be sold for a max $100,000 lower then regular asking price, which can't turn any profit, is it due to the market today? Is it even worth it to try to do flipping in todays market? Any help and advice is greatly appreciated, thanks to all.