Out-of-State House Flipping Advice

[Account Closed]

Hey all,

I am very new to BP and real estate investing in general, so I would like to ask the community for advice on their experiences with Out of State House Flipping. For perspective, I'm a recent college graduate who currently lives in the Queens, NY area and I've been searching for homes in Connecticut and PA but have not any luck with affordability(100k or below). Does anyone have advice for a beginner? Horror stories and Success stories? Thank you!

[J Scott]

I wouldn't recommend that a brand new investor start by trying to flip houses out of state. I had nearly a hundred slips under my belt prior to starting to invest out of state, and I still found it to be very difficult and frustrating. Unless you're willing to spend at least a month or two in that local market building a team, finding deals and managing the process, you will likely find yourself in the situation where you can easily be taken advantage of.

Also, if you're going to flip long-distance, make sure that you have the flexibility to hop on an airplane at a moment's notice when the need arises. Or, at very least, have somebody you trust 100% on the ground who can make hard decisions for you.