Pre-Sale on a Flipped Home

[Julia Rockwell]

Hi! I have been driving around and noting a lot of FISBOs and new construction. I've called a few of the unlisted new construction I've seen and spoken with one company that flips homes. I'm not a flipper but I would appreciate their perspective. Would it be of interest to you to flip a home with someone who has already agreed to purchase it at a set price? Would you be willing to work with someone who purchases a pre-sale and explain to them how you're flipping it and how the process works?

I think for my first purchase, renovating something and doing a BRRRR is maybe more than I am willing to take on, especially since I have spent most of my time researching being a landlord and not construction. I'm behind the ball since I wanted to purchase a home by now to rent the rooms out.

Are there risks to purchasing a pre-sale from a flipper? Should I go off of local reputation? I'm a little nervous of getting a new flip not on MLS since maybe there's things they could be hiding and it's like putting lipstick on a pig, but at the same time I have seen some remodels that are stunning and it's clear there is an emphasis on craftsmanship.

Please advise on shopping for an off-market uncompleted flip. Thank you :)