Updated over 2 years ago on . Most recent reply
Starting a house flipping business - general questions
I'm very interested in starting a house flipping business. Goal is to flip 10 houses per year using a GC.
Questions:
1. Does anyone have a software or app recommendation for rehab estimates?
2. How soon should I get a CRM vs using spreadsheets?
3. Recommendations for direct mail marketing?
4. Course recommendations? Specifically for acquisitions. Seems like acquisitions will be the toughest part of the business.
Many thanks
Most Popular Reply
Good evening SL, I would strongly advise/recommend starting with one or maybe two flips before you even consider taking on 10. I've been doing flips and BRRRR for decades and have never done 10 in a year. The band width it takes to carry even a few properties over the finish line is significant and the burn rate on your money quickly grows quite painful. I suggest you vet your entire team with one or two projects. Get those sold and evaluate the results and your team. Make adjustments and pick up a couple more. Software, spreadsheets, and marketing are the least essential and least demanding aspects of house flipping. All the best.