Diary of a First Time Flip

[Navi Veski]

This thread is going to be an account of a real estate rookie looking to find, fund and rehab a residential property in the MD/DC/VA area. In this case, my first property is likely to be one that's been referred to me by a neighbor so the "find" part of my effort may be truncated. I will be looking for a hard money or private lender to fund the project while I serve as the GC and manage the project. I've retained the services of an expert GC to provide me with direction regarding the process. He is a seasoned local contractor with over 10 years of experience.

As I continue, I'll be detailing my negotiations with the homeowner and discussions with potential funding sources. Although this could be a very short-term, high-yield deal, I'm less excited about the profit and more excited about learning/creating a process that I can use over and over again.

Your questions and critiques are welcome as I crawl through this new maze and then start to "walk."

To the Good--!