Starting a house flipping business - general questions

[Steven L.]

I'm very interested in starting a house flipping business. Goal is to flip 10 houses per year using a GC.

Questions:

1. Does anyone have a software or app recommendation for rehab estimates?

2. How soon should I get a CRM vs using spreadsheets?

3. Recommendations for direct mail marketing?

4. Course recommendations? Specifically for acquisitions. Seems like acquisitions will be the toughest part of the business.

Many thanks

[James Montaney]

Good evening SL, I would strongly advise/recommend starting with one or maybe two flips before you even consider taking on 10. I've been doing flips and BRRRR for decades and have never done 10 in a year. The band width it takes to carry even a few properties over the finish line is significant and the burn rate on your money quickly grows quite painful. I suggest you vet your entire team with one or two projects. Get those sold and evaluate the results and your team. Make adjustments and pick up a couple more. Software, spreadsheets, and marketing are the least essential and least demanding aspects of house flipping. All the best.