I just ran a report on one of the bread n' butter properties I do for clients and this property has been running for 10 months (since last october). 

I have experience with BRRR's, buy n holds, and flips with clients all over the country!

Your standing here, hocky mask n gloves on, bragging about the giant bag of loot slung over your shoulder how ya just robbed the landlord's for 20%..... 

here is what im thinking of buying. 8,151 sf. i plan on house hacking with the va n building a duplex on 1 side of the lot.

Quote from @Laura Au: Hello BP Community,I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy.

Now I help my out-of-state clients purchase flips and BRRRR deals here that hit the 1% rule, cash flowing, and have tons of appreciation at a very cheap price point -n $120k-$180k.

Fix n flip10.

I think @Charles Parrish and @Al Wilson are right on the money with the "auction fever" advice, I've felt it coming on myself and luckily haven't given in, but as far as what Charles mentioned about getting in there prior to the actual auction date, that is something I've not put much effort into myself but know other very experienced people around here who've tried that one every which way they can think of and maybe its a difference in state laws or just common practice amongst the local/regional law firms handling cases here vs there, but they've all hit a big brick wall n matter what method they tried and were just told "wait for the auction day".

If Jesus came back and got into rentals NO, N-O-B-O-D-Y get's admin access into our system. 2) They want a standardized list for maintenance items so they know in advance what repairs would cost.Being a PMc I'd invite them to acquire any of the readily available construction estimating tools/software out there such as RSMeans, but would not take on such a task as building and maintaining such a database, honestly for any $, it's simply not what we do. 3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.A-ok. 4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.I'd be fine with this as long as they sign a waiver that they own any/all negative impacts that result from such including extended vacancy periods, vendor refusals of service necessitating there own self-search to secure amicable vendor etc etc.. 5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $300LMAO!

Adding to the confuse is the misuse of the term flipping, which as it is used today is actually “fix n flip” or “rehab and sell”.