All Forum Posts by: Gaege Root

@Shawn Ward Yup, that seems like the smartest play here. Thanks so much for providing your input!

@Jeremy Holcomb Thanks so much for chiming in. What an encouraging story!

@Joe Cassandra it seems that simply taking action one way or the other is what's important. In reality, I could do both in parallel. At the worst, if/when I do find a deal and I'm somehow not in a position to purchase it myself I could certainly find someone else that would benefit from it.

Cheers!

@Account Closed I'd be interested in something like that.

@Greg Dickerson you do make a good point, establishing the skills and channels necessary to find deals will be valuable regardless of whether I'm wholesaling or flipping.

I will explore that option a bit more and continue networking and learning along the way. Thanks for chiming in!

@Greg Dickerson can you explain your reasoning behind wholesaling first? I have some liquid capital to work with, though I don't know yet whether it's to the level necessary for executing a flip (part of what I'm trying to figure out, I suppose).

It's my understanding that wholesaling is time-intensive, i.e. I physically have to be "hustling" to find deals. In theory, it sounds great and I'd certainly love to find a property that I can hand over to an experienced flipper for a profit. However, I've got one of those pesky day job things as well as a young son, both of which eat up huge chunks of my available time especially during "normal working hours". 

@Kuba F. That's what I've been leaning towards. Regardless of whether they're actually willing or able to work with me at the moment, they can still serve as a source of information and guidance.

New to navigating the world of flipping and I'm in an extremely hot buyer's market. On the retail side of things, everything is overpriced and still disappearing like ice in a desert (fitting, since I'm in Tucson).

However, I still believe there are deals out there for a first time flipper like me that's willing to take a relatively small profit on a flip project for the sake of better understanding the process.

What I'm struggling with is knowing what pieces of the puzzle need to be in place before which. Say I am able to identify a potential deal (drive by or craigslist ad, etc).

Do I run the best analysis I can on it and quickly shop local hard money lenders (I've got no private money connections or existing equity to work with)?

Or do I establish some relationships with hard money lenders first?

My worry is that if I don't have the proper pieces in place I will miss the small windows of opportunity that do present themselves.

@Kao Saeteurn Well that's a bummer to hear we've got such predatory activity here. Thanks for chiming in.

As good a place to start as any! I got my first SFR just last year and it's been a blast. Best of luck up there :) Wish I could be of more practical help, but my friends there are completely outside the realm of real estate unfortunately haha. Sending positive vibes your way though!

Welcome to the fun! I've got some friends up in that area (and considered moving there myself. AZ is too damn hot). Any idea what kind of properties you're interested in yet?

Of course. If you happen to be able to attend, don't hesitate to say hello (I'll be the young balding dude haha)