Flipping as Investor Only

[Dominic L.]

Hi all,

I own three buy-and-holds in the Bay Area and an now considering getting into flipping as an investor. Does anyone know of any particularly reputable, high-ROI companies looking for investors? My research has led me to Simply Do It (led by Dani Beit-Or), which looks quite strong, and I'm now looking to speak with anyone who 1) has worked with them as an investor, 2) has worked with another similar company, 3) has general advise on investing in flips.

Thanks for reading (and thanks to BP for providing this forum),

Dominic

[Andrew Cordle]

@Dominic L.

First welcome to BP, I look forward to seeing you on here. 

Secondly, Congrats on your rental success thus far. 

As far as your questions:

1. I have not worked with the mentioned company of above.

2. As far as other companies, I think I am a little confused are you looking for other REI Education Companies or other REI Companies that do flips?

3. As far as flipping goes, I have done several hundred of them and have about a dozen going on right now in 3 different states. I think the first thing you have to figure out is:

1. What type of flipping you want to do? Active or Passive

2. Once you know that decide if you are wanting to leverage or use all cash

3. Figure out where you want to invest. In state or out of state.

4. Set up your flipping team. It is easier to set up in town then out of town. 

    (If you want to do out of state flips I would recommend lending or JVing on other deals with flippers that live in that area)

Hope that helps a little feel free to let me know if you have any other questions I can assist with. 

Happy Friday!!

Andrew