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Updated about 7 years ago,
1st Year -> 1 Flip , 2nd Year -> 4 Flips !
Confidence and focus is all you need. The majority of the people I've discussed this supplemental business with have had some of the typical negative responses full of fear and doubt. Well wen you have confidence in yourself and focus of vision, that's all you need. I'm proof of it. I started the first year by cashing out my IRA from an old job I had. This was against the societal brainwash of never liquidating your retirement fund. I decided I'm going to make my own retirement fund :)
It wasn't much, but enough to get started. Networking with friends and family I was fortunate to find some interested financial partners. I proved to them that I could execute this business. Spent the first year managing one project and learning the process. The whole project took about 5 months. Many lessons learned. But going into the second year (2017) I'm just about to list my 4th deal this year and project another successful transaction. I'm proud, grateful, and excited for upping the numbers in 2018.
Good luck to all the up and coming investors that have the will power to risk. No Risk , No reward.
If anyone is interested in being a financial partner in a deal in the suburbs of South East Michigan, please reach out. I can explain my typical structure for my deals and how we can benefit each other.
I focus on Oakland County and the Nicer areas of Wayne County.