So, I'm going to keep my little beginner thread alive to see if anyone passes through with some personal advice or experience that they think can help out someone in my position.
I'm (almost) 21, have pretty lame credit, very little capital, but a LOT of motivation. This year, I've decided mostly to focus on flipping houses because I don't think I'm ready to get involved with landlording or hiring property managers, etc.
I just joined my local REIA Tampa Bay chapter and will begin attending meetings, but I'm hoping to learn more about certain things online as well, things I've been having trouble narrowing down in the forums.
I'm wondering about:
•How hard money lenders work, and how you communicate with/propose deals that a person in that position.
•The actual process of purchasing a house, what goes into it, what legal concerns the buyer should have.
•How to decide what should and shouldn't be renovated in a future flip house, like say "How do I decide if needs new flooring, or a better kitchen?"
Just a few questions, and of course, if you have ever been, or are currently in my position, I'd love to hear your story and how you're doing!