Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 months ago, 10/14/2024

User Stats

19
Posts
13
Votes
Joseph Kirk
Pro Member
13
Votes |
19
Posts

Advice on entering the fix & flip industry

Joseph Kirk
Pro Member
Posted

I am looking to get into doing fix & flips. I currently have 3 rental properties and now want to move on into fix and flip. 

I have 3 associates / relatives that would be doing my renovations, as I would be finding, analyzing, and purchasing the deals. 

I have never done a fix & flip. I’ve only ever done renovations for my rentals or primary home. 

Looking for any and all advice for a beginner here. Do you have a step by step list when looking at the potential house? Do you use bigger pockets tool? Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? What's considered a good ROI for fix and flips? Does anyone have a template/spreadsheet of anything? Anything is appreciated.

  • Joseph Kirk
  • Loading replies...