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Updated about 2 years ago, 10/25/2022
Finding Fix and Flip Deals
Hi All,
My brother and I recently acquired a home and are currently rehabbing it to flip. We would like this to become our full-time business in the near future. As I think about the acquisition process the greatest threat to our business is a lack in top of funnel activity. Most of the individuals I have spoken with say the flippers they know/work with are also wholesalers, find their own deals, keep the ones they want, and assign the rest. My issue is I have very little knowledge of wholesaling and it seems like that is a whole different monster to try and take down while we work on getting the flipping side of things up and running. My question is, how many full-time flippers are also wholesaling? Is finding your own off-market deals part of a successful business strategy? Are there full-time flippers who source none of their own deals and leverage wholesalers, MLS, etc.?
Your thoughts and guidance is appreciated!