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Updated almost 6 years ago on . Most recent reply

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55
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13
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Gregory Massi
  • Investor
  • Mahopac, NY
13
Votes |
55
Posts

Close to closing on my first flip in Knoxville

Gregory Massi
  • Investor
  • Mahopac, NY
Posted

Hello BiggerPockets - i am very close to closing on my first flip in Knoxville. I just want to reach out to see if there was anyone out there i could bounce ideas off of? 

Most Popular Reply

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1,433
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423
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Jill DeWit
  • Investor
  • Scottsdale AZ
423
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1,433
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Jill DeWit
  • Investor
  • Scottsdale AZ
Replied

My favorite are SFRs. Very easy to find motivated sellers, pay cash, and purchase below current value. Since  we do not want to do the reno,  we instead mark them up a bit and resell in days to a flipper/investor. (In the Phoenix area, we make $25k-60k *and* our buyer/investor makes even MORE $ after they do the work.)

I've asked them why they don't do what I do and cut me out of the deal and they always say either "data is not my thing & I don't want to learn what you do" or "I really like our arrangment and want to do the creative/reno part".

We have built some great relationships and are expanding this to multiple cities...

  • Jill DeWit
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