Gaining hands on Experience

[Brandian Ross]

I'm looking to gain some hands on experience in the field of flipping homes. I'm looking to do this for free. I'm taking classes now to obtain my RE license. If I can do a ride along with a realtor come onto a property that is being worked on whatever it may be I want to just starting to gain some type of experience as I've learned that I learn best this way. I'm passionate about learning this business and becoming a real estate investor. So I am willing to do whatever it takes to further my education outside of reading and studying the awesome articles on BP.

[Satha Palani]

Hi Brandian, 

The way i see it the largest piece of the value chain in flipping homes is in being able to accurately estimate how much it will cost to fix a house and how much it is worth after it has been fixed (not leave money on the table).

There are a lot of good RE agents out there that you can partner with, not sure how you see an RE licence being helpful if your intent is to be the person who is actually buying / fixing and selling these houses.  

I think understanding construction cost , repair techniques, material and labor costs etc is a much better skill to hone if you want to be a flipper. Not sure how you would gain experience without actually working a project. Maybe offer to be a scout / assistant to a contractor?

I fixed up a house that was in pretty decent shape when i bought it. Did about 25K in work all in using different tradesman / contractors and I learned so much just talking to the guys who came in to work. 

just my 2 cents