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Updated over 7 years ago,
House flipping in FL
Hi there - newbie here just reading up on all the great resources here on BP and researching all the different REI options. Interested in the Florida markets for flipping and/or BRRR in Broward, Charlotte, Sarasota counties.
- -Are there any fulltime flippers here that work specifically in FL (i.e. your sole job)?
- -How long have you been flipping?
- -What is your role (business side; construction side)?
- -Do you partner with other flippers on the construction side? Or have employees or vendors that you specifically hire/work with?
- -How do you fund your flips? Do you partner with other flippers for funding?
- -What is your average turnaround on a flip (initial purchase through construction and then sold)?
- -How many flips are you managing/working on at the one time?
- -What is your success rate (i.e. given expected profit, did you meet your expectations of profit? Percentage success rate)?
- -What has been the hardest issue to resolve in flipping (eg contractors/vendor issues; finding properties; tight margins etc)
- -What changes have you made along the way that have made you more successful in flipping?
Cheers!
Steven.