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Updated about 14 years ago on . Most recent reply

User Stats

50
Posts
8
Votes
Ayo F.
  • Houston, TX
8
Votes |
50
Posts

Looking to Flip in Houston, Texas

Ayo F.
  • Houston, TX
Posted

Hello All,
I just joined this forum today. I came across this forum while I was researching on the "Lifestyle Unlimited" mentoring program in Houston.

I am a new real estate entrepreneur currently based in Charlotte NC. I will be relocating to Houston, TX next month.
I used the term "real estate entrepreneur" because i'm primarily interested in flipping properties. I am in no position to buy and hold as I have student loans and credit card debts I need to pay off first.

I currently have a day time job and I have been trying to jump start my real estate business.

Please, can anyone flipping properties in Houston enlighten me about the possibilities of flipping in the current Houston market.

Also, I would like some recommendations on active hard money lenders in the Houston area or any other areas of the country that supports transactions in Houston.

Thank you all

Most Popular Reply

User Stats

292
Posts
164
Votes
Steve M.
  • Realtor
  • Gallatin, TN
164
Votes |
292
Posts
Steve M.
  • Realtor
  • Gallatin, TN
Replied

Before you put a penny on the pavement, read these boards for about 5-6 months. Take a look at some of our member's blogs (J Scott in particular if you are interested in flipped -- his site is www.123flip.com)

Study your region, and study it well. Learn the lay of the land, the players (banks, CPA's, contractors, other investors) and network like crazy.

I would stay away from gurus and "mentoring programs" The knowledge and info you can learn on biggerpockets in just a matter of a couple weeks far outweights anything you will be able to learn in a program ... Plus, BP won't try and sell you on anything ;)

I've now been in our new location for about 18 months, and I'm finally starting to get a grasp of our area. Started to network, getting friendly with some REO agents, and still learning the ropes myself.

Those are my thoughts :) Spend as much time on BP reading as you can.

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