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Updated about 8 years ago on . Most recent reply

User Stats

12
Posts
10
Votes
Kaleb Musie
  • Contractor
  • WV (wv)
10
Votes |
12
Posts

Investors dealing with distressed/foreclosures, rehab, flipping

Kaleb Musie
  • Contractor
  • WV (wv)
Posted

Hello Everyone,

I'm looking to partner with any companies or individuals that are involved in purchasing distressed/foreclosed properties, rehabbing, and ultimately flipping. My goal is to help in anyway I can with the business and really volunteer my hours and in turn learn the process/model so that I may apply those principals in my investments in the future. 

Currently, I have been studying real estate investing for the past year and I'm in the process of purchasing my first investment property out of state. Ultimately, I'll be purchasing through a turnkey provider or working with an agent in buying a property at market value that is rent ready. 

As stated above though, my hope for the subsequent deals is to work under others who are successful to learn the lead generation business to find off market properties, distressed/foreclosed homes, learning how to properly outsource rehab work thereafter, etc.

If anyone can recommend companies or individuals in the Northern Virginia area that I could reach out to, I'd appreciate that.

Thanks in advance for taking the time out to read this!

Most Popular Reply

User Stats

33
Posts
23
Votes
Stefen Lee
  • Lender
  • Cleveland, OH
23
Votes |
33
Posts
Stefen Lee
  • Lender
  • Cleveland, OH
Replied

I purchase out of state and it took a year or so to build a team. Now the team works great from acquisitions to rehab to rental or flip. I do think it's all about the team and systems. Having a understanding of the area is important but I have purchased homes without seeing them. I had pics taken inspection and closing without ever seeing it in person. Multiple times all went well.

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