It can mean the difference between generating a profit and suffering a devastating loss. Having a basic understanding of the fix and flip process will set you up for success. Take our word for it. Here at NavCap, we’ve seen the good, the bad, and the ugly, and it is our fervent wish for all of our borrowers to make it to the finish line.
But, if you’re just starting out, how do you educate yourself? Luckily, in the age of the internet, you have many options.
Pay to Play
If you’re willing to make a financial investment in your future, you may want to consider some of the structured educational programs that are out there. A few with which we happen to be familiar are Than Merrill’s Fortune Buiilders and Dean Cain’s National Real Estate Network. Both of these programs offer live seminars and online resources for getting spun up on the real estate investing lingo and best practices. Be forewarned that these programs are not free, however. But, in addition to the real estate coaching you will receive, you may come out with a network of contacts to help get your business off and running. .
Local REIAs
Perhaps you’re not ready to plunk down a sizeable chunk of change on a formal course. Then check out your local real estate investment association (REIA). With the weight of the National Real Estate Investors Association behind them, these associations offer much in the way of member benefits including educational and networking opportunities. Search for a local group here.
Free Resources
If your budget doesn’t allow for a formal education program or membership dues, all is not lost. The internet is a rich source of free material covering every real estate investing topic under the sun. One of the largest online resources is Bigger Pockets which bills itself as a complete resource for anyone looking to succeed in real estate investing. With over 1 million members and lots of free educational content, this site is worth a visit. If you’re a borrower looking for funding, Connected Investor provides a forum to connect with lenders (including NavCapl).
Of course, it goes without saying that one of your best options for gaining practical, sound advice for your fix and flip project is to reach out to us. NavCap has worked hard to put together a website that is chock full of useful information including detailed FAQs and a corporate blog.
Still have questions? Reach out to us at info@gonavcap.com or 443.603.0193 for specific feedback on your next project. More than just a funding source, our borrowers are our partners.