How to form a team in different cities for flips

Question

Looking to invest in different cities and states. Primarily fix and flips. Looking at Columbus, Youngstown, Dayton, Ohio. Also, looking at other Midwest markets. I have one city so far where I have a handyman, general contractor, property manager I trust. How do I build a team in other cities and states? I don’t want to be limited to just one city. Also, how do I find a good investor friendly real estate agent that can help me make offers on flip opportunities and also actively look for them. I normally look for houses under $100,000 and perhaps agents view it as a waste of time because they don’t make that much money from it.

Bobby Feinman · Answer

@Michael A.

I agree with @David Peschio. As a nationwide lender that lives in Virginia, Richmond is a great market. So is the Hampton Roads area!!

Happy to assist you in any way that I can!

Bobby

Jeremy Melloul · Answer

Hey Michael – I’m an agent here in Ohio who helps investors find solid deals and build out their team. I’ll shoot you a DM.

Marc Rice · Answer

Hey Michael, you need a good realtor, pm, lender and gc in any market that you wish to invest in. I am an investor-friendly Realtor and investor in Columbus, OH. On my BP profile you can learn more about my experience in Ohio and resources I have in the local area. Please let me know if you have any questions about Columbus or if I can help with anything

Michael Smythe · Answer

How did you build your existing team?

What mistakes can you avoid this time?

How can you accelerate the process?

There are no quick fixes, you just have to put the time & effort in!

Scott Allen · Answer

@Michael A. Start networking with agents that can help you build up your core four in each market. Scanning the market and looking for ones that can work is good so you can make offers continuously/shoot shots but having solid deal flow and off-market deals coming to you will help a lot too/less competition and better price points. Don't work with an agent that thinks it's a waste of time to help you put multiple deals together with plan to fix them up and resell them later - they're supposed to benefit from both parts of that. Finding a solid an reliable GC will be your biggest hurdle - they're typically more blue collar and referral based.

Kerlous Tadres · Answer

To build a solid team in new cities, start by networking with local investors through Facebook groups, BiggerPockets, or local REIAs, ask for referrals to GCs, handymen, and property managers they’ve personally used. When vetting people, start small to test reliability before committing to bigger projects. To find an investor-friendly agent, look for those who work with flippers or BRRRR investors and are comfortable with distressed or sub-$100K properties. BiggerPockets and even investor meetups are great places to find them. Be upfront about your goals and potential deal volume. Many agents overlook low-cost deals because of low commissions, but if they know you’re serious and doing multiple flips, the right ones will see long-term value. Make their job easier by sharing your buy box, funding status, and closing ability so they’re motivated to send you opportunities and write fast offers.

Caleb Brown · Answer

Happy to connect on Kansas City. It's a great Midwest market. As far as the team getting referrals from local contacts is a good start. If there is any local Facebook investment groups I would join those and ask. Make sure to interview and speak to multiple people before taking a dive.

Sam McCormack · Answer

I would say any agent who is worth working with isn't going to see it as a waste of time. If it is a flip, they can list it as well. 2 Closings with 1 client? I love it, and I can only imagine others worth their word agree. Even if it is a BRRRR and they are holding it. Any agent would know they will come back to buy and/or sell more. So don't worry about that aspect

Besides that. Finding your agent should be your center and most important aspect. They will connect you with people you will continue to work with. Of course you may find people better fit for you, but mostly, the agent has worked with these people before and knows them well. So many other things I can say, but your agent is the most important

I am in Greater Cincinnati, let me know if you have any questions for me about the market or anything

How to form a team in different cities for flips

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