Hello BiggerPockets! New member - experienced flipper in Atlanta

[Berny Petersen]

Thanks in advance to all those that contribute, as it's a huge help!

Who am I?

I've lived in the Dunwoody area of Atlanta for a long time and experienced first hand the market growth. I've been involved in several areas of residential contracting, and have owned businesses such as remodeling, paint contracting, and landscaping. I got my RE license in 1998 and began flipping houses shortly thereafter.

I've  done 18 fix and flip deals in the past, all in the North Atlanta suburbs (except for one duplex in Inman Park I wish I had kept...) I also purchase distressed properties as live-in flips. I've been out of full-time flipping for several years and am now getting back in. 

After several years away from the industry I am back and will soon be full time. I plan to resume flipping full time and start the BRRRR strategy after building up some reserves. I am very knowledgeable about my local area and have done well in the past. I have a partner who is a pro contractor as well so I have the "fix" end of the business taken care of, but now to be successful I need to learn more about other areas of town. With resources such as BiggerPockets at my disposal, I will continue to learn and expand my experience, while growing my business and hopefully helping others along the way.

The local market has obviously changed a lot in the last 10+ years since I was flipping full time. Then the deals were easy to find, and I could get a conventional loan over the phone in an hour or so. I never used a wholesaler and only used hard money on one deal. I never had to look much further than my local MLS area.

Fast forward to present day: it's going to take more work to find the right deals. I'll need to be a little more creative with the financing. I look forward to making connections with wholesalers and lenders, as well as other investors, and hope I can contribute to this amazing resource! I know a lot and I have a lot to learn!