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Updated 4 months ago on . Most recent reply

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221
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Eric Mcginn
  • Real Estate Investor
  • San Bernardino, CA
85
Votes |
221
Posts

Finding the deals

Eric Mcginn
  • Real Estate Investor
  • San Bernardino, CA
Posted

Long time BRRRer here, planning on leaving my W2 soon to pursue flips (and raise my babies)   

Ive read the BP book on flipping. I also have a contractors license and I am good at seeing value but I’ve never sold anything. I have taken my real estate agent course work and plan to take the exam and sign on with a low cost broker to handle my own transactions. But I’m wondering if it would be worth working with a local agent for the first one? 
I’m also wondering if there are any wholesalers who focus in this area / NorCal? 

I will be looking within 35 minutes of Chico, CA. And I hope to be ready to buy within 9 months (we are moving from LA) 

Most Popular Reply

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2,244
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1,116
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Peter Mckernan
#1 Real Estate Agent Contributor
  • Residential Real Estate Agent
  • Irvine, CA
1,116
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2,244
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Peter Mckernan
#1 Real Estate Agent Contributor
  • Residential Real Estate Agent
  • Irvine, CA
Replied
Quote from @Eric Mcginn:

Long time BRRRer here, planning on leaving my W2 soon to pursue flips (and raise my babies)   

Ive read the BP book on flipping. I also have a contractors license and I am good at seeing value but I’ve never sold anything. I have taken my real estate agent course work and plan to take the exam and sign on with a low cost broker to handle my own transactions. But I’m wondering if it would be worth working with a local agent for the first one? 
I’m also wondering if there are any wholesalers who focus in this area / NorCal? 

I will be looking within 35 minutes of Chico, CA. And I hope to be ready to buy within 9 months (we are moving from LA) 


 Hey Eric, 

Sounds like you have a solid goal and are putting the pieces into place. I would add a couple more pieces, making sure you have the capital to do the flips, knowing the scope of work that will need to be done on each flip, and finding people who can get you a good deal! A good deal to you could be a bad deal for someone else, and visa versa. There really are a lot of facets to this business, so please keep digging to find a mentor/partner that is trustworthy to show you the ropes even if you find them deals and partner together!  

  • Peter Mckernan
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The McKernan Group
5.0 stars
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