New Flippers in Boston Area
Hi All,
Been listening to the podcast and want to find my first deal in 2024.
Located in the greater Boston area and have a friend who wants to partner up. We don’t have a lot of capital and most of our experience is in construction. We were thinking the best course for us would be to do a flip. We are both pretty conservative and as such we thought maybe something small like a mobile home would be a good place to start.
We would love to hear people’s thoughts and we are interested in connecting with people and hopefully finding some mentors.
Thank you,
- Zach
Most Popular Reply
I would avoid mobile homes as they are such a volatile asset class. Not to mention that it will be difficult to finance. I know other hard money lenders who can do them, but you will be paying +6% higher interest rates on the debt than an average hard money deal.
If you go forward with a deal, I would get an SFR with a lipstick rehab. That should be the best place to start.