Updated over 3 years ago on . Most recent reply
Contractor Looking into Flipping Homes
Hello everyone!
I am looking into getting into flipping homes. I have a construction company that does renovations for flippers as well as renovations for higher-end homes. I have been in construction for almost 10 years now, so my knowledge, I would say, is above average from new investors.
My question for the BP community is, will a HML be easier to get given that I have experience in construction and doing flips for other investors? Also, is there any additional information I should be aware when doing my first deal?
I appreciate any feedback! Thanks in advance!
Most Popular Reply
Welcome to BP Jaime, you are on the right track. Yes if you have a portfolio of rehabs you have done that certainly will help but the first HML you will have to put more money down, until you develop a successful track record with them. you will have to present the deal to them, purchase price, repair costs, arv etc and photos.