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Ryan Pineda has flipped hundreds of houses at the age of 32. He explains how he got started with little money in the bank, and shares 3 pieces of advice for beginners.

This is a headshot photo of Ryan Pineda wearing a grey shirt with an orange background.Ryan Pineda

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Buying and then renting is one way of generating income from real estate, but it isn't the only way. House flipping, or buying with the sole intention of selling at a higher price, is another way to make a quick profit — and it doesn't require as much capital as you think, says Ryan Pineda, a former pro baseball player-turned real estate investor. 

Pineda didn't have a lot of cash in the bank when he purchased his first flip. He told Insider he had to use credit cards to fund his first deal. But that risk was worth it, Pineda said. Five years later, he's managed to flip hundreds of houses by the age of 32, according to records of his LLCs' transactions on local government websites. His properties are scattered around Las Vegas, Big Bear Lake, California, and elsewhere.

He was a former infielder for California State University and the Oakland Athletics before he moved into the real estate field. His first experience in the sector was back in 2010, after getting his realtor license at the age of 21. But after realizing that he didn't love the idea of being in sales and dealing with clients, he quit. 

"I didn't really think I was gonna be in the real estate game since I kind of already failed at it," Pineda told Insider. 

It wasn't until he began buying and flipping houses in 2015 that he found his calling. Now, he's the founder of Pineda Capital, a real estate fund; Homerun Offer, a house-flipping company; and Forever Home Realty, a real estate brokerage. 

"I realized that even though I didn't like representing clients as a realtor, I did like real estate," Pineda said. "I liked finding deals, fixing up homes, and making money that way. So it was kind of years later that I just realized, okay, this could actually be a career for me."

He also educates people through his website called Future Flipper, a YouTube channel, TikTok and Instagram accounts, and a podcast called The Ryan Pineda Show

In an interview with Insider, he shared three pieces of advice for beginners based on mistakes he's seen them make. 

1. You have to get over analysis paralysis

Pineda says he has seen many people go down the rabbit hole of learning, where they will continually stack up on information but never take the first step because they feel like there's always more to learn. 

"You're never going to know enough. You just have to take action. You're going to learn more by doing deals and negotiating than you are going to be watching YouTube and reading articles. Like that's just the truth," Pineda said. 

His first move was a leap of faith. Since he didn't start with much money in the bank, he had to take a risk on his first house-flipping property. He got a hard money loan, a financing arrangement with a private company or investor where borrowed funds are secured with property. Interest rates are substantially higher, at about 12%, relative to a conventional loan that can be around 3%. 

He went with this option because the lender didn't care about tax returns or credit, but rather the deal or asset being purchased. The lender required a 20% down payment, or about $30,000. Pineda told Insider he only had about $10,000 saved up in the bank. So he had to max out his credit cards for the rest. 

While he doesn't recommend following in his track, he doesn't regret the decision and said it gave him his start. 

2. It's a volume game and you'll get a lot of "nos"

The second thing he's seen newbies struggle with is understanding that it's a volume game. About 99% of sellers and people you talk to are going to tell you "no", whether it's a deal you're trying to negotiate or locking down a loan, he said. The rejection leads many to become discouraged and possibly give up. 

But Pineda says you have to keep going and talk to a lot of people. In the end, all you really need is a few "yeses" to change your life. In context, if you can flip four houses and make $25,000 on each, that's six figures, he said. 

2. Find a community within the sector

Finding support from a group of people that understand the sector is key, Pineda notes. You can learn from the experience of others, ask questions and get feedback. He believes that trying to do it on your own diminishes your odds of being successful. Seeing others pursuing a similar trail will encourage you to keep going. 

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