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Updated almost 6 years ago on . Most recent reply
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Close to closing on my first flip in Knoxville
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?
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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...