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Updated over 4 years ago on . Most recent reply

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641
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Jose Castillo
  • Flipper/Rehabber
  • Springfield, MA
204
Votes |
641
Posts

How long did it take you to take down your first flip?

Jose Castillo
  • Flipper/Rehabber
  • Springfield, MA
Posted

How long did it take you to take down your first flip?

How did you find the deal?

How did you fund the deal?

Did you bring in partner/mentor?

Would you say once you learn the process from start to finish it's easier to pull the trigger on flips? I've been wholesaling but now I'm looking to keep one for a flip. Thanks BP

Most Popular Reply

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3,757
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3,109
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
3,109
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3,757
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
Replied

@Jose Castillo

I have found them on MLS, bought them direct from banks and personal contacts. Once you close; speed and quality is the key. Close, 60 day rehab, sell in 30-60 days and close in 30-60 days. 6 months or less. The best one I sold in 4 days. I used private lenders to fund it. It takes networking, but once you build a relationship with a private lender(S) you can scale quickly. Just don't go to fast and get yourself in trouble. Buy in the correct market and you'll be fine. Even during the pandemic people are still buying. It hit a snag for about 60 days, but now it seems to be the new norm.

  • Kenneth Garrett
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