First Flip

[Patrice Durham]

Hi All! I'm looking for my first home to flip. I was excited today because I thought I found a good flip but it was already under renovation. To me, anything is for sale! I asked my business partner to ask if they'd be willing to sell "as is" thier response was it's not on the market yet. I'm like a fish out of water with seeking my first flip. I really think this find will be extremely profitable. How can I get them to sell it to me and how can I wholesale the property without using any out of pocket money? I do realize I need a cash investor and all of my paperwork together. However, what would be my first step after I am able to get the house under contract? Any input would be greatly appreciated!

[Jesse LeBlanc]

If they're renovating it and the response to your question was "it's not on the market yet", this leads me to believe it was either just purchased and about to be flipped, or held for a while and about to be sold.

IMHO I'm not sure I would invest my time to get the owners (possibly investor) to stop in the middle of their rehab so you can buy it when there are so many other houses sitting vacant. If you're this motivated you can probably find a better deal on a house that doesn't already have work done on it and come out better!