All Forum Posts by: Lysa T.

Welcome to BP! I am also from Illinois and I joined yesterday. There is so much information on this site. One of the books I'm reading at the moment is Flip by Rick Villani and Clay Davis. It has a thorough step by step guide on Flipping homes for Profit. My primary focus at the moment is flipping, so I would be happy to send you a list of the resources I'm using at the moment (books, podcasts, etc).

Good luck!

@Ramon Jenkins thank you for answering my question.

@Matthew King thank you! Good luck to you.

@Jerry Stanford oh yes! I'm starting with the ultimate guide on Flipping Houses. I like the step by step nature of it. I'm reading the books listed at the moment which falls in line with my goal of educating myself.

@Mark Nolan thank you for welcoming me.

Another book you could look into is Flipping Houses for Profit by Brent Driscoll. It's a quick read that I would use as a supplement to other guides. He goes through topics such as building your team, risks, finding the right house in your market, etc. And like others mentioned, I would buy J Scott's book through BP to get the book on rehabbing with it. I'm buying that myself today after listening to the podcast that features him. He's knowledgeable and I can't wait to dive in when it arrives at my house.

@Steven Kopstein I downloaded sound cloud just for the purpose of listening to those great podcasts! Thank you for the advice. I want to try to find a REI club or meetup group near me for that purpose.

@Joshua Brown Thanks Joshua! I'll be sure to let you know. 

Side note: This community has been really great. I feel very welcomed.

That would be very helpful! I'll definitely be in contact with you. Yes, risks are very important to me. I can't know everything, but I like to prepare myself for things that could go wrong. It makes me feel more balanced.

@Account Closed I basically live on YouTube so I'll definitely check that out. Also, thank you for the tip. If you don't mind me asking, why do you recommend invest/hold first?

My name is Lysa (Pronounced just like 'Lisa') Taylor and I'm a 22 year old recent college grad from Illinois. Currently, I am an insurance producer full time in Orland Hills, IL. My interest in real estate began a couple of months ago when I came across YouTube videos by Peter Harris explaining how to invest in rental properties. I never thought about owning an apartment complex or renting out single family homes. When I looked online for more information on the process, I discovered that there was so much more I could do with real estate. It was almost like information overload. 

I took a step back to really ask myself what I wanted to specifically learn about. That's when I came across flipping houses. The more information I learned about it, the more excited I became. I started listening to podcasts that BP uploaded to YouTube about house flipping and I really enjoyed the one that featured J Scott. 

I now have both short and long term goals that I want to achieve. My short term goals are to use Winter 2015 to learn as much as I can about house flipping as well as the risks involved, create a detailed plan to execute my first house flip, and then flip my first house in the Spring. 

I intend to do a 'flip, flip, invest/hold, repeat' method. I can't wait to use this site more and listen to more podcasts (those podcasts have top notch banter! I like listening to it on my way to work). 

-Lysa Taylor