How Can I Get into Real Estate Investing ( Flipping Homes) Without putting my own credit and Finances At Risk?

Question

I work as a property manager and have experience in timelines, project management and etc. I also know how to do alot of the researching (taxes, inspections, appraisals etc. etc.). I know the risks and returns of investing in a market such as now as well. The Houston real estate market is not as poor as others in the country though, but can be just as risky leaving me with carrying costs. Now, I truly don't have alot of money to invest as well as don't have perfect credit but further more would prefer not to entangle my personal assets into a project as i know there are ways I don't have. I know about "hard loans" and what not, though I was hoping to pick someones brain and get a few ideas to point me in the right direction. So if someone wouldn't mind lending a hand in advice I'd greatly appreciate it. Thank you for reading.

Answer 1

Wait a couple years.  Stocks are cheap right now, invest in them instead.

Answer 2

You should start by wholesaling and assigning contracts.  That would fit what you are looking for exactly.  Check out some real estate  forums and search for both terms to learn me.  One website is www.reiplace.com.  Another is www.biggerpockets.com.

Good luck!

Answer 3

If you're a good salesman, get a few investors. Of course a majority of the profit once the properties were flipped would belong to them, but, if you're good, in a year or two you would have the excess money to cover "carrying costs" and whatever else you run into by yourself.

Answer 4

You would have to find an investor who would front the money for your project.  Since you have no experience in flipping houses, this will be a challenge and it is rare that an investor will fund a whole project with you bringing nothing financially to the table.  Good luck.