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Updated almost 7 years ago on . Most recent reply

User Stats

27
Posts
5
Votes
Nick Fegley
  • Rental Property Investor
  • Lewes, DE
5
Votes |
27
Posts

Business Survey Questions

Nick Fegley
  • Rental Property Investor
  • Lewes, DE
Posted

Hello, I will retire from the Coast Guard in 6 years and am in a Masters of Entrepreneurship Program which is the reason for this post. My goal is to start a fix and flip business upon retirement, and my plan is to fix and flip 4 properties within the first year using my own cash (primarily auction properties) and earning $100k in profit. The proceeds will be used to purchase the next home, and so forth. I plan on specializing in the location I retire (to be determined) for the fix and flip, and in destination locations that I want to visit for rentals. Minimum school ranking of 5 is required for all properties I will buy, with the possible exception of destination properties. My questions;

1. Do you think this is feasible?

2. What would you recommend I change, or think of?

I appreciate any feedback given.

v/r

Nick

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