First time flipper from Massachusetts

[Alex Cuevas]

Hello BP community! Been a member here for a few months now and blessed to be part of this community. I started my first flip in July of this year and expect to complete it by September 30th. 

I structured my first deal by convincing the property owners to give me until September 30th to purchase the property but in the meantime I will renovate the property and sell it at market value after renovations. 

The deal allowed me to skip financing and a down payment and hopefully generate a decent eturn where I can reinvest the funds into a new project.

My goal is to continue flipping properties so I can build my bank and in a few years invest in residential and commercial rental units while continuing to flip more properties.

I currently work as an Electrical Assistante and I am looking to connect with other individuals in Massachusetts and surrounding areas.

Once again grateful to be a part of this  community and eager to give something back to it.

[Jon Klaus]

Welcome to BiggePockets, Alex.   On your current flip, how are you protecting yourself from the seller backing out after you have completed the renovations?