House flipping: Where to start?

[Emma McClendon]

Hello, I've been doing a lot of research on the concept of house flipping and I'm ready to start but not sure exactly where. I've looked into certain loans and seen some lenders online, what's the best option or is there any legitimate option for buying a REO/foreclosure with a loan? Is there loans that will cover the price of the home and renovations? I'm aware I'll have to put down a certain percentage. Also have been looking at the different sites to buy these homes, will i need a license to buy them? I really want to do this and want to jump in considering it'll take some time. I'm in southern california, inland empire area. I would really like to talk to someone who knows what there doing. Thanks!

[Guy Olds]

@Emma McClendon Start by finding like minded people near you. That means start attending real estate investment clubs. You say you're in the Inland Empire so here are four clubs to check out depending on where you live. 

First, the biggest is the Inland Empire Real Estate Investor Club which meets the 4th Thursday of every month at the Mission Inn in Riverside. I attend that club even though its an hour drive to get to it.

Then, TVREI Temecula and TVREI Apple Valley. Temecula meets the 2nd Wednesday every month in Temecula. Not sure when the Apple Valley club meets. 

Finally, there is a good club in Coachella.

You can find them all on meetup.com and maybe on facebook.

The TVREI Temecula club has a mentorship program you can join though I imagine there might be a cost to that.

All club meetings cost $20-$30. Don't let anyone on BiggerPockets tell it's crap to have to pay to go to a club meeting (and they will tell you that) but they don't live in SoCal.

Also, if you live close enough, there is InvestClub in Fullerton. That's an awesome club. 

And OCREIA in Orange County, Irvine or Cost Mesa.

Good luck finding your tribe.