New to real estate investing

[Michael Oliver]

How would I get started in flipping the Greenville SC market.Tools,Resources,and contractors.

[Joshua Feit]

Hi Michael,

Josh here -- I'm an investor in Atlanta, and I've been at it for four years. You probably already know a lot of this, but just in case:

Get started by making yourself a list of tasks. Break it down, and start to check things off. The biggest question to answer is how you are going to fund your projects. While you are interviewing banks, getting your savings in order, etc., here are some things you can do now:

-Start driving neighborhoods! Google street view is not going to cut it. You need to know how the streets look and feel in person. And as you drive, get out of your car to meet neighbors, ask questions. See if anyone knows anyone that wants to sell. Pound the pavement!

-Get a paid account here, and use the calculators over and over and over. Analyze 10 sample deals a day, until it only takes you a minute to input all of the numbers. Once you have analyzed 100 deals, you're going to start to intuitively understand which ones are good and which ones are not even before you hit the final button to analyze the deal.

-Start to network. Build a spreadsheet with at least 10 contacts for contractors, handymen/women, listing agents, buyers agents, property managers (yes, even if you intend to self manage), etc. Ask for references, and call the references. Build the team long before you are ready to do your first deal.

I imagine you are in Greenville, which is why you are asking about it. I have a lot of experience with the Atlanta market (I have done all of the above, and now own 10 rentals in the region). I'm also a licensed agent as well. If you every want to chat about ATL or about RE investing in general, I hope you will reach out! I'm always up for a conversation about RE.

Cheers,

Josh Feit