How to Handle Issues After the Flip is Over

How to Handle Issues After the Flip is Over

1 min read
Matt Faircloth

Matt Faircloth, co-founder and president of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, N.J., is a developer and owner of commercial and residential property with a mission to “transform lives through real estate.” DeRosa creates partnerships to finance select real estate investments and has a proven track record of providing safe, profitable investment opportunities to their clients.

Experience
Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to hundreds of units in residential and commercial assets throughout the East Coast. Under Matt’s leadership, DeRosa has completed tens of millions in real estate transactions involving private capital, including fix and flips, single family home rentals, mixed-use buildings, apartment buildings, and office buildings.

Matt is an active contributor to the BiggerPockets Blog and has been featured on the BiggerPockets Podcast three times (show #88, #203, and #289). He also regularly contributes to BiggerPockets’ Facebook Live sessions and teaches free educational webinars for the BiggerPockets Community.

Matt authored the Amazon Best Seller Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money. The book is a comprehensive roadmap for investors looking to inject more private capital into their real estate investing business and is a must-read for anyone looking to grow their business by using private lenders and equity investors. Kirkus, the No. 1 trade review publication for books, had this to say about Raising Private Capital: “In this impressively accessible introduction to a complex subject, Faircloth covers every aspect of private funding, presuming little knowledge on the part of the reader.”

Matt and his wife Liz live in New Hope, Penn., with their two children.

Education
Matt earned a B.S. in Industrial and Systems Engineering with a minor in Business from Virginia Tech. (Go, Hokies!)

Follow
DeRosaGroup.com
DeRosa Group’s YouTube channel
LinkedIn

Read More

Join for free and get unlimited access, free digital downloads, and tools to analyze real estate.

One thing does that doesn’t get discussed during all of the flipping shows on TV is what happens after you sell your fix and flip to a homeowner. Most times, the homeowner is happy, and you and your team are onto the next project. However, issues can absolutely arise after the property is sold. How do you handle it as the developer? This is an important question to answer and to determine ahead of time.

Related: 3 Ways to Fund Your Very First Flip

Issues Post-Flip? Watch This.

During today’s video, I share some tips to help you when you find yourself in this situation, including the following:

  • Purchasing a warranty
  • Listening and discussing
  • Involving the contractor

I hope today’s video is helpful to you. Let’s get into some discussion.

What strategies have you used in these sticky type of situations?

Thanks as always for watching and commenting!