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Updated over 1 year ago,
Starting Business in BRRRR/Flip
Hi,
Before I jumped into questions, here is our (Me and My brother) background;
Both Have Full Time job with recently sold Vacation home which got us bunch of profits. We tried to do 1031 exchange but failed and nothing happened as we didn't like property which we can say a good one (Cash Flowing - Multifamily). Now we have decided to pay Uncle Sam Tax and move on to next chapter with remaining amount and start Real Estate business (BRRRR, Flip, Multifamily) Portfolio.
Area: Currently, we are looking for New Jersey Area only, but if there is good cash flow deal OOS then we are OK with it.
Can you (All experts) please advise on following topics?
1) How to hack off market deals ? (Currently we are working with many Real Estate Agent but everyone just want to sell nothing else). We are here for long term not for short term.
2) How would we build trustworthy team (Real Estate Expert, Contractor etc) with whom we can start our business?
3) Any other suggestion we should follow?
We have six figure and we would like to go slow and steady. We are not looking to become millionaire overnight as we want to learn all process in real estate step by step. Therefore, if someone wants to work with us then they have to be very very patience...lol.
If needed more info like budget and all please DM me.
Thanks