Flippers and Rehabbers, What Could a Newbie Offer YOU?

[Greg Lott]

I'm thoroughly interested in getting my feet wet with flipping and the BRRRR strategy, but my biggest hurdle is getting familiar with the ins and out and the minutia of flips, getting better at estimating rehab costs, and going through the paces, start to finish, of a rehab or flip. One of the best ways I can come up with to do this, without just diving in head first and doing it myself, is to do a 'ride-along' with someone who's been around the block. Basically, start to finish, work with them through the whole deal to get an inside look at the process and learn as much as I can. But, if I put myself in that person's shoes, I'm sure I'm not the only person who's come their doorstep and asked for them to be my mentor. So, what could someone offer you, a seasoned flipper or rehabber, to open you to the possibility of mentoring them and bringing them along on your next deal?

The best I can offer right now is my time and labor. I can make phone calls, periodically visit properties local to me, and keep tabs on things, all for free obviously. And in return, all I ask is that I get an inside look at the process, start to finish.

Would this be worth considering to you seasoned flippers and rehabbers out there? Is there something more I could offer? What gap do you need filled in your daily to help you do more deals or do you current deals better?  

[Neil Henderson]

People tend to have a mixture of these three things: time, money, and/or experience. If you are missing one, find someone who has that and find a way to add value to them. Sounds like you have time, so start going to local REIA meetings and meet the active rehabbers and flippers in your area. Get a feel for their criteria and area they like to buy in. Now, go out and start finding deals in that area that meet their criteria.