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Updated over 5 years ago on . Most recent reply

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Kareem Webb
  • Newark, nj
2
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12
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Weird situation but could be $$$

Kareem Webb
  • Newark, nj
Posted

So a guy with cash wants me to find a property and oversea the process of fixing and flipping it....what should I be charging this gentleman....by the way this is my first time doing any of this 😬🥴 he wants to stay under 100k purchase price and has picked Essex county or Atlantic City for the property. Can anyone give me any advice 

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636
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668
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Chris Szepessy
  • Catskill, NY
668
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636
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Chris Szepessy
  • Catskill, NY
Replied

Having never done it before, I'd be very careful when someone else is putting up all the money and you're just investing time. It's a good way to get a bad reputation if something goes wrong. Does this person have any experience in RE?  Do you have a background in construction?

Flipping houses isn't as easy as it appears on TV. I'm not saying you shouldn't try, but you certainly want to be educated in some way on how it all works before jumping in. Good luck!

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