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You could rent a 2/1 in an ok neighbourood for that in Austin, TX. Downtown for that I think you could probably get a small 1 bedroom or studio apartment.

Thats a good tip. I do tend to "fall in love" and would likely use that as part of my reason for making a purchase. Mostly because I would be inclined to think that if I love it then the buyers will. I havent reached that part in my book yet but I'm sure its about to say exactly that.

I will definitely watch out for that! Thanks!

Thanks. I plan on going to our local real estate investors meeting, looks like its on the third Thursday of every month. I would love to find someone who I can "watch" first. Hopefully I can find some such person.

Thanks! :D

Hi biggerpo,

I didn't mean to imply that I had read all the sources yet and certainly not this site, its huge! :wink: I can see how it looks that way though, sorry about that! I was just wondering if there is anything else that's an absolute must see for beginners or if there are any other references that I could be missing.

Thanks for replying!

Thanks for the reply!

I have purchased two books thus far, "Find It, Fix It, Flip It!: Make Millions in Real Estate--One House at a time" and "Fast Real Estate Profits in Any Market: The Art of Flipping Properties". I bought them because they were both rated very high on amazon.com. I have also been to various sites such as this one and about.com. Are there any other resources you would recommend?

Thanks again!

My husband and I are just getting started in real estate. We just bought a $300,000 home 2 months ago that we are living in currently. We are now looking for an investment property, our first inclination was to buy a rehab home in a nearby area and flip it but our lender is warning us that this could end up being not worth it in the long run as we are likely to put more in than we will get out.

We are itching to get started, we know the loan is there without having to borrow on our live-in home and our lender says all we need is 10% which shouldn't be a problem for us, my question is, where should we get started? Do we start with a rehab or do we start somewhere lower on the chain?

I don't want to jump in both feet first and then end up drowning, but at the same time we want to get started asap!

Any advice would be greatly appreciated, thanks!

Leighbeigh

Hi, I am very new to real estate investing. I am currently looking for my first flip.

The plan so far is to contract out as little labor as humanly possible and buy something thats hopefully at least 10% undervalue. Ok I'm getting a little ahead of myself, of course there is more of a plan than that, but thats the basic idea thus far...

I look forward to getting to know you all. Any tips or advice to help get me started would be greatly appreciated! Thanks! :)