New Flippers in Boston Area

[Zachary Bannon]

Hi All,

Been listening to the podcast and want to find my first deal in 2024. 

Located in the greater Boston area and have a friend who wants to partner up. We don’t have a lot of capital and most of our experience is in construction. We were thinking the best course for us would be to do a flip. We are both pretty conservative and as such we thought maybe something small like a mobile home would be a good place to start.

We would love to hear people’s thoughts and we are interested in connecting with people and hopefully finding some mentors. 

Thank you,

- Zach

[Tanner Lewis]

I would avoid mobile homes as they are such a volatile asset class. Not to mention that it will be difficult to finance. I know other hard money lenders who can do them, but you will be paying +6% higher interest rates on the debt than an average hard money deal.

If you go forward with a deal, I would get an SFR with a lipstick rehab. That should be the best place to start.