New BP member - Looking for advice

[Olivier Clow]

Hey there! I'm new to the forum. but i have been hooked on BP podcasts for a while! I'm a 26 year old contractor in Montreal, QC. I have 10 years experience as a carpenter and now co-own a wood fence company. I'm very new to real estate investing but stoked to learn as much as I can. I am very interested in flipping so I would like to learn more about deal analysis and all that stuff. I am also interested in buy and hold either single or multi family. I currently own a house with my business partner. We are thinking about selling in late spring. Im hoping that with my profit made from the sale, along with my savings, to buy my first flip towards the end of the summer. Im looking for any opinions that may help along with suggestions for best books or courses to help get better informed in these areas!

Cheers, looking forward to chatting and connecting with new people!

Oli

[David Ginn]

Hi @Olivier Clow

You get going from construction to flipping. You are a contractor your best scenario is to become a flipper hands down. It's your best move. My advice is that, flip that's where you make your money. If you're flipping like in our system, my clients make 30-40% per property on the money that they've invested in. There's a really clear strategy on how you do that, most flippers make 10%, and we make more than that. There's a reason because based on the strategies we use. So, in your particular case that's what you want to do is buy, renovate and flip and your margins will go all the way up. Also, you can flip it in the up or down market, and look at where everybody else can see that.
All right, that is my advice for you.
Good luck