Transition my fathers landscape business into a flipping business

[Steven Foster Wilson]

Heres the back-story: My father has run a successful landscape business for the past 31 years. He has grown the company to 1.5 million in sales per year. His typical year starts in April and goes through October, as we live in Ohio and winters don't make for good landscape work. He usually takes a vacation / holiday November through March. (This is where I come in). I presented the idea to him about flipping real estate during his down time, that way he could keep his employees (10 good employees , 7 seasonal so-so workers) working year round, and he could earn some extra income during those months.

My plan is to buy a small family home for 20% down with the business line of credit, in my name, getting a personal mortgage. Then having the employees come in and renovate the house (they have a construction background and I am confident they can do most of the work). Then sell the house for profit, putting money into the business, and into my pocket. Then repeating this for the down months.

I am very optimistic but I have no experience in real estate flipping, but I do want to venture in. What are some thoughts, pros and cons to doing it this way, and if this is even possible thanks!

[Max T.]

Around here the landscaping companies do snow plowing after storms and make good money off corporate clients.