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Updated over 3 years ago on . Most recent reply
Flipping out of Town/state properties
Hi All-
So it is extremely difficult to find great flips in my area so I am forced to look elsewhere. I have spotted some good opportunities and even bought one as the numbers were attractive. In my enthusiasm, I overlooked an important element about getting a reliable, trustworthy and affordable local rehab crew. I am in no position to travel to the property due to personal obligations and its simply too far.
I have tried to work with contractors via face time and other remote methods. I am finding the process extremely frustrating as some of the contractors show up, provide an estimate but disappear afterwards. I was looking to do the project with one general contractor but am founding that it is easier to find individual local tradesmen (Hvac, plumber etc). I still prefer to work with someone a reliable GC who can be my eyes and ears on the ground. This property is a condo that needs rehabbing (kitchen, bathroom, flooring, paint, hvac etc) down to lighting/plumbing fixtures.
I know some seasoned flippers claim to flip properties remotely throughout the country, any suggestions? Thank you all in advance.
Most Popular Reply
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Too much of a headache. I´ḿ doing one right now. I dont see me doing it again. Its hard enough if its local. Too many moving parts and you have to depend on people where many are not proven. If you already have a GC you know will get it done and they have a proven track record delivering quality work, then its doable. Trying to find one to do your out of town project is like playing roulette, hoping the number lands on 10.