I am a young, South Floridian female who has entered the world of real estate. For many years I have had a passion for this field, but have been discouraged in taking this route. My passion for flipping houses and making them into homes for others is growing daily and I would like to know if you could mentor or even assist me in how this process works. I have been spending countless hours reading, learning, watching videos (besides watching HGTV) and really gaining a strong foundation of how everything works — although I do not know everything as of yet, and I am sure I will gain knowledge as I move forward.
I do not know whether I should find a house first, or secure a general contractor, or look for a hard money lender first, or what is the best steps to take so that when I do find a house and a loan, I do not waste valuable time.
Thank you so much for your assistance, it will be greatly appreciated.
I’m sorry to hear you were discouraged from entering the real estate field. It sounds like you’ve been doing your research on house flipping. You’re correct, you will gain a lot of knowledge once you flip your first property. Check out our helpful guides on how to start a real estate holding company and how to start a house flipping business.When it comes to finding good deals, especially in South Florida where the housing prices tend to be on the high side, these deals usually get purchased quickly. I would recommend working with a hard money lender and getting pre approved and then starting to look for houses, so you know what amount you’re pre approved for and what price range you should be looking in, and while you search for properties, look for a contractor as well. Hope this helps.
All the best,