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Updated over 4 years ago on . Most recent reply

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53
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7
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Collin Emerson Miller
  • Investor
7
Votes |
53
Posts

Shadowing a flipper?

Collin Emerson Miller
  • Investor
Posted

Hello all,

Interested in learning to fix and flip properties, but obviously so much can go wrong for someone who doesn't have enough experience. So I am looking for entrance strategies and my current hypothesis is this:

1. Network and find experienced flippers

2. Shadow them on one or more projects while assisting where possible.

3. Take the lead with their guidance on one or more and give them a cut of the profits until you feel comfortable to do it alone

4. You are now a house flipper

Let me know your thoughts, and if you are a house flipper and are interested in having a conversation, feel free to reach out.

Most Popular Reply

User Stats

264
Posts
235
Votes
Joe Aiola
  • Real Estate Agent
  • Fleetwood, NY
235
Votes |
264
Posts
Joe Aiola
  • Real Estate Agent
  • Fleetwood, NY
Replied

@Collin Emerson Miller Great strategy and definitely possible. I would just add a step in between 1-2 and offer to add value to them buy working on one of their flips for free. 

Even if you don't have construction knowledge or skills, it's always good to have another set of eyes on the job. For example, you don't need to know anything about construction to make sure the new countertops don't get damaged! It's also very important to constantly keep a clean job site, so you can do that for the investor. When you have a clean job, it shows the workers that the flipper cares about doing the job correctly. A messy job will indicate that the flipper is disorganized. 

You will be adding value to the investor and learning a TON in the field. They will be more likely to let you shadow them once you added some value and show that you are serious & trustworthy.

Best of luck! Hope this helps.

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