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Updated about 4 years ago on . Most recent reply

User Stats

14
Posts
4
Votes
Evan Westerman
  • Gilbert, AZ
4
Votes |
14
Posts

Risk Tolerance for BRRRR/ Fix n Flip

Evan Westerman
  • Gilbert, AZ
Posted

Good morning BiggerPockets maybe you guys can help me with an issue I've been thinking about for quite some time.

I have a partner who is interested in either the BRRRR method or fix n flip depending on the individual house. He owns real estate but has never done a full rehab (same as myself). I think at this point he's stuck in analysis paralysis and I cant seem to get him out of it. He's very concerned with the quality of the contractors, market up and down swings, house being able to sell etc. I tried to present solutions like verifying contractor references, multiple itemized bids and different agents and PM opinions on the current market state but every time i present a solution he thinks of something else. They aren't unrealistic issues/concerns but I feel he wont pull the trigger unless he's 100% sure there isn't a risk and in his principle and in real estate there isn't such a guarantee. What could I do different to help with my cause and gain his confidence or instill confidence in him?

How would you convinvce 

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