All Forum Posts by: Glenn Hull

A lot of good advice in this thread. I previously worked in risk analytics at a large hard money lender and 3 of the most important things are:

1) Experience. Flipping can be difficult and people who have flipped at least one time before perform significantly better than first-timers. The more experience the better.

2) Location matters a lot. Some areas have very tough permitting conditions which take a long time to navigate. There's a reason most large hard money lenders don't originate loans in Cook County. Further, some areas are more saturated/generally more difficult to profit in.

3) Personal details. Credit score, background checks, past foreclosures, etc. You need to be sure that the flipper has nothing questionable.

In general people tend to underestimate the time it takes to flip a home (especially people who are new) and all of the potential problems that can pop up. Between permitting processes, construction issues, and time-to-sale there's a lot that can lead the project astray. Best of luck!

@Will Stahl @Chris Gravitt I have some experience creating these. They can be difficult because every county is different and some make you pay for an online version. Typically I've seen lists like these go for $100-$200/per month which is why I decided to start building my own. I have a programming background so it made sense for me.