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Updated over 6 years ago on . Most recent reply

User Stats

11
Posts
1
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Jerry Beer
1
Votes |
11
Posts

Scaling a flipping business

Jerry Beer
Posted
I'm just getting started with a comprehensive strategy of rehab and flip, however on the current pace and with a focus on the local market I foresee at max 10 deals per year. Is there a way to really scale it?

Most Popular Reply

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75
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54
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Troy Ramey
  • Real Estate Agent
  • Denton, TX
54
Votes |
75
Posts
Troy Ramey
  • Real Estate Agent
  • Denton, TX
Replied

Hey Jerry - I'm working on the same thing right now. Do you use contractors for your rehab? And how are you financing the deals? 

My focus right now is getting enough capital together so that I don't need to borrow money in order to purchase the properties. Hard money loans have worked in the past, but they're very expensive. I'm also using a contractor for 95% of the work on my current flip. The last one took over 3 months because I tried to do almost everything myself. 

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