I'm getting bombarded by the local sports team for 7 to 8 month rentals.

Flipping can be a very cash intensive sport, and it is easy as a newbie to go over budget.

Networking groups are also a great way to gain exposure.Break through the “Rookie Wall”This sports metaphor refers to first-year players who suddenly stop having the kind of success they did before they made it to the professional level.

From sports to sales to investing, that‘s an awesome journey.

I host the Salt Lake REIA downtown luncheon on the third Friday of every month at Legends Sports Grill on 200 West and 700 South.

It is a gamble, especially if you are out of state.

These aren't issues that are specific to flipping and should be a primary focus for any real estate investment - The bottom line is that you made a profit despite the challenges you faced - and congratulations for that - but it seems to the bystander that you gambled with another investor's money while investing very little of your own - you put yourself in the position of a teacher or mentor when in fact you are not extremely experienced in the business of flipping - consider how you would feel if you lost a portion of your partner's investment....Today I am closing on the purchase of my 15th flip for the year, and I wouldn't dream of taking on an investment partner who wasn't equally experienced and had an equal say in the decision process.Good Luck with your future projects and Happy Investingjeff 

You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000.

Its educated gambling..... and you may hit a grand slam...or you may get punched in the nuts...... its personal decision on your risk tolerance.Sometimes that huge leap of faith and "screw it, I'm going for it" can reap huge rewards....and sometimes it doesn't.For every "I bought it sight unseen and its doing great", I would easily bet there are dozens that have been totally screwed...some of them don't even know it yet.

I actually climbed the roof with the seller and inspector and sounded like I knew what I was talking about.It's a team sport!