Thoughts on Best Way to Approach Flipping

[Tristan Romero]

Hi BP!

I wanted to get everyone's thoughts on on my first Flip. I just bought my first House which I am currently house hacking. I am going to partner with my aunt to Flip. I currently have 40k cash and my aunt has about 50k cash. She makes multiple 6 figures so my DTI will be good. Would it be a smart move to go out of state create my Core 4 then flip a cheaper house to get the fundamentals down or should I just invest in my local market of Sacramento. I was also thinking of maybe doing it in a cheaper market in CA that would make sense for a Flip. Look forward to anyones thoughts! Thank you in advance!!!

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Quote from @Tristan Romero:

Hi BP!

I wanted to get everyone's thoughts on on my first Flip. I just bought my first House which I am currently house hacking. I am going to partner with my aunt to Flip. I currently have 40k cash and my aunt has about 50k cash. She makes multiple 6 figures so my DTI will be good. Would it be a smart move to go out of state create my Core 4 then flip a cheaper house to get the fundamentals down or should I just invest in my local market of Sacramento. I was also thinking of maybe doing it in a cheaper market in CA that would make sense for a Flip. Look forward to anyones thoughts! Thank you in advance!!!

Personally, I would not do a flip more than an hour from home. Too much going on and it takes a lot longer to complete. You have to be on site to make sure the contractors show up and work and to make daily decisions.