All Forum Posts by: Dustin Burt

Hope my title wasn’t too off base but so far as I seek someone to learn from in the house flipping market of Houston most only seem interested in what is profitable to them. I understand this of course but I am wanting to learn the subtle ins and outs like what are the first things to look at on a property, how do you accurately calculate your costs (fixed, rehab etc) before someone else grabs the house and before you have the experience?

Most guys I see are running solo to 2-3 man teams so there is no room for interns or anything of the sort. I can and have offered discounted labor because I have experience in several areas but for whatever reason that doesn’t interest folks.

I have some very good potential investors but want to prove my readiness in some ways so when I ask for $150k they can see I’ve done my due diligence along with the Reno I have done in the past..

So how does a newbie get his feet wet and see things first hand BEFORE buying his first deal?

You’d have to dump everything from each deal back into the next deal AND be sure to make an exact return. If you can make 10% on your money every 3 months for 5 years you’d total 3,641,730. But obviously 3 months turn around 4 times a year to make an exact profit is nearly impossible. You’d also have to find deals that matched your total cash to the T... IF you can make this return 15% every 3 months you come close but near impossible lol