New to House Flipping

[Anthony J Pisco]

Can anyone recommend areas in Michigan to target for rehabbing and flipping? Can you do it with no money and rely on an Investor for capital to fund the project and share profit?

Im new to this so any advise would be helpful.

- Anthony

[Gino Barbaro]

Hi Anthony,

There are countless ways to approach a fix and flip.  First, it is a difficult business that is all about buying, raising money, fixing and then selling.  It would be difficult to secure funds from an investor if you don't have a track record.

That being said, there are some fantastic resources on this site for fix and flippers.  Read J. Scott's book on Flipping Houses. It will give you a ton of ideas.   Create a business plan to show your investors and expect to share more of the profit in the beginning.

The key is to find a great deal.  If you find the deal, the money will be much easier to locate.

Good Luck

Gino