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Updated almost 6 years ago on . Most recent reply
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Who knows of a company doing over 150+ Flip Deals/year?
Hey Everyone-
Currently my company is doing about 80 house flips per year. These are real deals that we actually buy, rehab, and resale ourselves. We are trying to scale that to 200 in the next 12-24 months. I hear about people doing 200-400 deals per year, but dont know of any personally. I feel like the gurus selling their programs are all full of it, I know most of them are, and am just wondering does anyone know of a company in their market place doing triple digit flip deals every year? If so, how are they acquiring so much? Is it direct mail mainly? Online? Television?
I'm just trying to really model companies that are already at where I want our business to go. Any insight or opinions are greatly appreciated!!
-CW
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the top turn key companies will do over that volume.. on retail flipping that's a tough order.. I don't personally know any.. I did 75 to 100 flips a year in Portland market before I used the same capital to start a HML company..
and today we will will do close to 200 transactions.. funding for flippers of retail an rental purposes and build 30 to 40 new constructions during the course of the year.. if you have the funding new construction is eaiser to get volume than flipping though.. if you can buy say a 100 lot subdivision and the absorption is there.
- Jay Hinrichs
- Podcast Guest on Show #222
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