I Flipped my First House, Now What?

[Daniel Black]

Hello all,

Over the past 6 months I was able to flip a small condo in Western Massachusetts. I have always been interested in flipping houses in fact that was my dream job and accomplishment! This deal nearly landed on my lap since my parents lived next door to an older lady that passed. The family of the older lady lived in Florida and didn't want anything to do with the Condo except to sell it. We knew all of this because of a simple conversation with the realtor that was going to be listing it. The condo was an absolute disaster inside, nothing was updated or changed since the date it was built in 1960's. Having said that, it was a condo, fairly straightforward, not much to worry about structurally or on the exterior. I did a decent amount of the work on my own, only on the weekends as I live in the Boston area and work full time & go to school! I bought the condo for $96,000 and sold it for $182,000. I put about $30,000 of renovations into it using my income and credit cards. So I know I did very well but now I am dying to do it again. The problem is that the deal was very unique and lucky so how do I repeat this? Can I repeat this? I now have more cash than I did previously so I would like to put it to use again.

Another roadblock is I live in one of the most expensive towns in Mass. It is nearly impossible to find something local to flip because I can't afford it. I would like try to find something closer to where I am geographically because weekends traveling across the state was daunting. 

Side note - I work in project management for a large commercial general contractor, so I am very savvy with managing construction activities and projects so if anything I would love use that to my advantage.

Does anyone have any recommendations? I want to invest the money in another flip or rental or both. Also, if anyone is local to the Greater Boston area and would like to chat I would love that. Please feel free to reach out.

Thank you!

-DJ