Working for free to gain experience

[Traci Cameron]

I tried so hard last summer to begin investing as a flipper. I simply could not compete with cash buyers and my RE agent kept telling me that my renovation expectations were too unrealistic (she was thinking it would only take about $10-$12k to flip a house but when I crunched numbers I was coming up with $25k+ in reno costs). I became very discouraged and took a break from pursuing it for a while.

But here’s the thing, I can’t stop dreaming about it no matter how much I try to convince myself I just can’t do it. So, a thought came to me this morning and I’d like to run it by you seasoned investors...

What if I were willing to work for free? From start to finish...I want to understand every aspect of the thought process. I can search for properties, be a part of planning the remodel, meet with contractors, do demo work, contribute to the remodel labor...you get the idea. And hey, if I do a great job, I certainly wouldn’t be opposed to the investor throwing a few bucks my way. More than anything, I want to gain experience. I live just north of Nashville so I’d particularly love any middle TN investors to give me their insight but I welcome all investors to weigh in!

[Jay Hinrichs]

Originally posted by @Traci Cameron:

@Jay Hinrichs here in Clarksville alone there are over 1000 RE agents. I just have no desire to be an agent. I love the renovation side of things!

even if you don't work as an agent you need to be one to maximize your flip profits.. a lot of times the commish will be more than your profit so if U can get commish buying and the listing side selling your saving a ton of dough.. I have done it that way for 40 years and you need instant access to MLS you need lock box supra key all those give you an advantage and for something that is dead cheap to have maybe a few grand a year..