Dedicated in getting into rehabbing, house flipping, and BRRRR

[Randy Achi]

Hi everyone! I'm currently looking to get into real estate, and I find house flipping and repairs an interesting category to get into. However, I have very little knowledge about getting started. I have watched a few videos, but I want to be able to learn from others and really get hands-on experience (In general, I want this to become my passion!) Thanks all, and I hope to connect with you all soon!

[Wale Lawal]

Quote from @Jonathan Greene:

Quote from @Randy Achi:

Quote from @Jonathan Greene:

Go to local real estate investor meetups, there are a lot of them in Chicago, and start networking. After a few months you will find out who is flipping and rehabbing and you can offer your sweat equity to help them and learn while you are there. Flipping is very hard without capital and experience (i.e. impossible) because you would have to rely on contractors who know you are new and will take you for a money ride while your hard money turns over in its grave. It's great that you know what you are interested, but YouTube can be good and very bad. Meet other young investors in your area asap.

Hey @ Jonathan Greene, thank you for your response! I will definitely be looking for local investor meetup events around the Chicago and greater Chicago area. However, what are some common mistakes beginner real estate investors/Rehab flippers make?

1. overestimate ARV

2. underestimate repair costs

3. trusting contractors

4. doing anything DIY or without permits

5. not counting holding costs, especially with hard money

Those are five common ones.

 Great point @Jonathan Greene I have seen new investors making these mistakes over and over in the Houston, Texas Area.

[Jonathan Klemm]

Quote from @Randy Achi:

Quote from @Jonathan Klemm:

Hey there @Randy Achi - Congrats on jumping on to the forums!  It's a great first step to manifest your future reality.  What aspects of real estate do you love?  And why do you want it to become a passion?

Flipping is about as least passive as it comes, so just make sure you wrap your head around how much time and management it will take to be successful flipping.

For anyone getting started, I always suggest these 3 steps:

1.  Educate/Learn (Read & listen)

2.  Network (in-person events and online BP)

3.  Take action (start when you are 80% ready!)

A great Chicago in person holiday event is coming up on 12/12 hope we can see you there!  https://www.biggerpockets.com/forums/521/topics/1218823-chic...

Hey @Jonathan Klemm, thank you for your tips on how to get started!
Real estate investing has become a true passion of mine because I love the idea of taking a run-down, neglected property and transforming it into a home where people can truly enjoy living. The process of flipping and rehabbing isn’t just about the renovation itself—it’s about having a clear, long-term vision for the property and executing it step by step to bring that vision to life. There’s something incredibly rewarding about creating spaces that positively impact people’s lives.

 That Last sentence to your response is "mic drop" worthy @Randy Achi!  Positive impact is the key!  If you can focus more on that, then the bottom line profit you will be light years ahead of most flippers.  In the short term, there can definitely be some financial downs, but long term, you will pass everyone up!

Well, I hope to see you at some local Chicago meetups, and if it would be helpful to connect, feel free to reach out!

[Deborah Wodell]

Hi Randy,

Welcome to the journey! One great way to get started is to partner with an experienced investor or flipper. It’s a fantastic way to gain hands-on experience while learning the ropes without taking on all the risks yourself.

Also, focus on educating yourself with resources like books, podcasts, and forums like this. Networking at real estate meetups or local events can help you connect with mentors or even potential partners. When you’re ready, take action with a small, manageable project to get some wins under your belt.

You’ve got the right mindset—best of luck on your first deal