Thank you for your thoughtful and detailed response—I really appreciate the insight and honesty. To answer your question, no, I am not a licensed contractor, but I do have hands-on experience with remodeling and would be overseeing the renovation myself. I also have a reliable and experienced contractor lined up to handle the work.
I completely understand your point about lenders needing trust, especially when working with someone new to flipping. That’s why I’m being methodical in my approach, ensuring I don’t overextend myself. I have a strong credit score (760-785), stable full-time income with my wife, and I’m carefully vetting financing options. I’m also committed to learning and mitigating risks as much as possible.
Your mention of unexpected issues and having reserves really hits home—it's a reality I’m taking seriously. While I’ve considered partnerships, I want to see how far I can go on my own for this first project. That said, I’m open to the idea of finding a partner if it’s the right fit.
Thank you again for sharing your experience—it's extremely helpful as I move forward. Any further advice for someone in my position would be greatly appreciated!
