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Updated almost 4 years ago on . Most recent reply

User Stats

57
Posts
118
Votes
Cathy Malmrose
  • Rental Property Investor
  • Lapeer, MI
118
Votes |
57
Posts

How do I find a local flipper?

Cathy Malmrose
  • Rental Property Investor
  • Lapeer, MI
Posted

How do I connect with flippers near me? (Michigan, Lapeer County) I have 3 flips that was was going to do but I'm burnt out. I have tried driving by the homes that local flippers are working on but I never seem to catch them. I've asked a few realtors but they just want to sell the properties for me. Where else could I look? 

Prop 1 = a SFR, ~3,000 sq ft, roof is good, foundation is solid, I got all utilities working during the summer then winterized it. Good location, family neighborhood. Needs a full gut. I bought for 35. Market allows for 220-235 once finished.

Prop 2 = a old stone one room schoolhouse that is actually 2 stories, 3 bdrm, approx 1,500 sq ft, full new roof, structure solidified, mostly cleaned up inside but also a full gut from floor, walls, ceiling, some parts only framed out, a few elegant details in place like the original slate chalkboard & a circular staircase (surely not original ofc, but nice). On 1 acre in the countryside. Includes a 2nd house, another stone cottage, small studio. I bought for 55. Market allows 215-255 depending on finishing details. Full gut.

Prop 3 = SFR in good neighborhood, quick flip, 2-3 weeks with a good flipper taking lead. Needs new flooring, siding, garage doors, a kitchen cupboard door replaced, and other minor fixes. Bought for 93. Realtor wanted to list for 139, most direct comp just sold for 164 nearby.

The numbers are good enough to make any flipper salivate -- I bought them in 2018-19 but I also got a bunch of other properties that have kept me busy and I need time to have a life beyond this. There has to be a good flipper out there who could make them beautiful again. Where do I find them?

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