All Forum Posts by: Jason Hornbuckle

@Jim K.. - Good advice. Thanks for your feedback and thoughts on this!

@Joe S.. - More than I want to admit in public.  lol.  

@Guy Gimenez. - Wow, thank you for that amazingly well thought out answer. You put into words exactly what I am feeling I really need., "how to build relationships", "understand some basics on contracts", "how to reduce liability", etc, etc.  Even just walking in and looking at a property there is so much I don't know know about how to come to an objective opinion about the state of the foundation and whether I can trust a contractors estimates or not, etc.  I think a really solid course should focus on laying some fundamentals in for at least a month before sending you out to start making offers and getting into contracts with Hard Money Lenders. lol. Thank you for the feedback and encouragement. 

@Bruce Woodruff - I appreciate your candid opinion.  You make a solid point.  Indeed, they don't have any skin in the game.  If I don't succeed they can just tell me its my fault for not trying hard enough or for not doing all of their todo items, which seem over the top. I'm very willing to work hard it just seems like them pushing so much in such a short time is setting the whole thing up to fail so a newbie like me is almost guaranteed to fail with it. 

@Account Closed. - Thanks for your reply!  I don't know if the course really solves that or not yet. For example, If I am going to hire a contractor and I've never worked with any before I don't really know all the ways in which they might try to add hidden costs later and make all my price predictions irrelevant anyway.  lol.  I feel like there is a certain amount of general knowledge you need just about what different types of things you need to make sure the contractors do and so forth before you can even evaluate their bids/estimates.  And I also know nothing about drawing up proper contracts or hiring a good attorney.  And the problem is that there is no basic overview or 101 on these things. I'm totally willing to work 100 hours a week on this if I am going in the right direction but this feels just a bit insane and is leaving out basic non-glamorous fundamentals that are required, like knowing how to find a good attorney or just identifying different house types, etc.  

I recently joined a coaching program ( not associated with BiggerPockets at all ) that claims to be able to take a total beginner with no knowledge in Real Estate to the point of making a successful house flip within a couple of months.  At the very beginning I"m expected to interview contracts and start writing offers within the first couple of weeks. This seems unrealistic to me and immediately when I'm talking with contractors I realize that I don't know anything.  lol.   They also want me to start interviewing family and friends to find out how much investment capital they have.  I'm feeling that without a background and just starting out that I could be endangering people's money by trying to do something as elaborate as finance a house flip with someone else's money right out of the box.  It seems a bit insane.  I thought maybe there would be a slower build up of learning some more basics first.  The people are friendly and seemingly very knowledgable and have some very positive outlooks on some things but I am expected to be writing offers in my seond week already and I literally just started learning about Real Estate.  lol.  Does this sound like a recipe for disaster or am I just being a bit too unnecessarily fearful?