Who Are Considered TOP HOUSE FLIPPERS in BP Community?

Question

Hi Everyone! I am located in Northern CA and after some serious conversations with a close friend of mine for years, we decided to partner up and start fixing and flipping homes, specifically in the East Bay market. My partner brings expertise in general construction and has done quite a few rehabs as his parents have been active single family RE investors for years. What I bring to the table is a very strong background in sales which I firmly believe can be transitioned into finding off market deals with little to no competition.  Our ultimate goal is to "fix and flip" and build capital while slowly allocating that capital towards "buy and hold" apartment buildings.

My question is, being that we are basically brand new to this partnership and fixing and flipping in general, I want to be as proactive as possible and reach out to the TOP HOUSE FLIPPERS in Northern CA or any market for that matter. Basically the top guys that know what they are doing and can add tremendous value to newbies like us.

Any recommendations? Who should I reach out to directly? Thanks a ton, guys!

Todd Dexheimer · Answer

@Dwight Jones flipping in my market has very tight margains, so it is difficult to make money. I still would do a flip if the numbers worked well. The other thing is flipping is short term quick money with no residual income. I am now focusing on building residual rental income with apartment buildings. flipping the way Brandon Fox mentioned is a smart way to go in my mind. He is flipping in order to generate money to buy rentals - the key is to stick with that plan.

Chelsie Runnings · Answer

Hi, @Michael Evans, Nice to connect with you here on BP! I am a Realtor based in Sonoma Valley, I work around Sonoma County. Inventory in Rohnert Park is fairly low, with only 37 new listings in the month of April, with the average sales price being about $437,000. The properties are moving quickly, with average days on market being 37! I hope this gives you a better idea of the current market. I am happy to help advise on any other market questions you have.

Michael Evans · Answer

I'm looking into the Sonoma County market, specifically Rohnert Park / Petaluma. I lived there in the '80s and my son, who I would partner with is still living there working as a contractor. Any thoughts on this market currently?

Jay Hinrichs · Answer

one thing to realize is that ... competition exists and is very keen in most great markets like east bay.

so you need to be on the top of your game to be the competition to the deals.. do not think your the only one going after this inventory

Elbert D. · Answer

I also want to know who is the top California flippers....but also the ones who invest in Illinois and Indiana.

Brandon Fox · Answer

@Dwight Jones How about you? Have you done any flips yourself?

@Jay Hinrichs I just listened to your BP podcast a couple days ago. For a newbie flipper such as myself, what are some materials you would recomend for me to dive into? Any lit bit of info or advice goes a long way!

@Michael Evans I sent you an invite. I'd love to chat with you further regarding fix and flips.

Thanks everyone!

Dwight Jones · Answer

@Brandon Fox Not yet.  I've been involved in a few wholesale deals.  I'm working on getting started this year. I have been actively participating in the vacant to value program in Baltimore.  Since the properties are city owned it takes about 3-6 months to close.

Todd Dexheimer · Answer

I've done over 100, Don't do them anymore - last one completed in 2016, but may be able to help.

Who Are Considered TOP HOUSE FLIPPERS in BP Community?

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