Advice for a New Out of State Flipper

[Christian Hwang]

Hi everyone. 

I'm currently flipping properties in my backyard (SoCal) and have the liquidity to fund multiple projects. However, I enjoy the more operational side of flips and would like to grow my business out of state to increase flipping volume and have less competition in finding deals. I know the grass is not always greener on the other side, but any tips on finding my next market?

Below are some actionable steps I plan to take after identifying a market:

- find a rock star agent by referral and/or calling brokerages and asking to connect with their top producing agents

- find a rock star contractor by referral and/or yelp

- have control over construction by setting per diems to incentivize contractor to finish the project on time, within budget, and with good quality

- leverage my rock star agent's time to check up on the construction process (checks and balances)

- hire independent handymen/inspectors to check up on the construction process for a flat fee (checks and balances)