Fix and Flip - jumping in

[Karen Williams]

My husband and I are just starting out and are looking at properties in our area to fix and then flip. I’ve been running numbers on a few properties and haven’t any luck meeting the 70% rule.

I feel like I am stuck in analysis paralysis and wanted advice on just going for a property even if it doesn’t meet all of the suggested calculations. Any thoughts, advice and opinions welcomed.

Thank you!

[Dylan Miracle]

Hi, Karen. I wish you the best of luck. I am involved in REI with a team out of Fresno area as well. You're right to say it is competitive, but there are deals to be had. Have you thought at all about investing in more more affordable areas? I know quite a few investors that are investing in other states, such as Indiana where you might find it a bit easier to find deals that match the 70% rule.

If you decide to do that, I would make sure that you try to make contact with the core four a deal finder (could be an agent), a contractor, a property manager, and a good lender. You can connect with these people on biggerpockets or find people that have worked with these people through BP! Hope this helps.