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Updated 2 months ago, 10/14/2024
Advice on entering the fix & flip industry
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.