New Member looking to learn about rentals, flips, and development

[Avi Manthe]

Hi Folks,

My name is Avi, and I have previous experience with buying 2 rental properties in the past, along with working in property management for several years. I have recently started a real estate company with a friend of mine. Our ultimate goal is to get into real estate development along with buying rental properties. However, before we start developing, we want to first do several flips to get experience working with contractors. We are currently looking to invest in Wisconsin. If you have any tips, tricks, or advice when it comes to flipping, BRRRRing, or development, we would greatly appreciate it! I look forward to being apart of this community! 

Thank you!

[Savannah Holzer]

Hey Avi, welcome to the community! Starting with flips to gain contractor experience is a smart move before diving into development. For flipping, focus on accurate ARV estimates and budgeting for unexpected costs, while for BRRRR, building strong relationships with local lenders that can help streamline your hard money into your refinancing. Madison and Green Bay also seem like good places to invest.