Finding Out of State Deals and a PM

[Aaron Glover]

So I would like to take some money out with a HELOC to get into flipping but being located in CA I quickly realized I dont have enough money to put down on a HML plus all the buying holding and selling costs. I would like to look out of state where the avg house price is well within my budget. Anyone have any recommendations on what states are a good place to look and how to find a PM that can manage the flip locally?

[Stephanie Walker]

I'm a Realtor, Property Manager and manage projects/flips for our out of state and out of country clients. Once you pick a market, reach out to local agents to see if they can manage the project for you (likely for a fee and/or signed listing agreement). Do your due diligence and make sure they have the experience in managing flips - it's NOT about just stopping by the house once a week. There's a lot more to it than that. I'm obviously partial to the Charlotte market and I love Greenville, Spartanburg and Columbia areas for flips too. I hear good things about Jacksonville FL and Colombus OH though Columbus may be more of a long term play BRRR strategy.