Professional Remodeler Looking To Learn About Private Investors For Flips, Slow Flips

Professional Remodeler Looking To Learn About Private Investors For Flips, Slow Flips

Member since 2024 · 2 posts · 3 votes

Hi,

I am New to Bigger Pockets after learning about the book Buy, Rehab, Rent, Refinance, Repeat by David M. Greene. That book led me to The Book on Flipping Houses by J Scott, and I am now in the process of reading The Art of the Slow Flip by Scott Jelinek. My formal education in business management and marketing led to my MBA in 2005. My skilled trade education started at 7, working alongside my Dad, who in addition to a thriving electrical contracting business, always had side projects. I have always been more comfortable wearing my work boots than I ever have been in a suit. I have owned numerous businesses spanning 37 years, including marketing and management consulting, lawn care, landscaping nursery, horizontal directional drilling, heavy construction, and reclaimed wood. I did a 3-year corporate stint managing a marketing department with a multi-million dollar budget, but I'm not too fond of 9-5. I value schedule flexibility. With all of that experience, I only really found my groove in the past year.

In 2023, I started a part-time remodeling service business to supplement the income in my consulting practice. I got my formal residential builder license in October ‘23. The demand for home services is way higher than the supply, so in 2024, I shut down all other projects to focus 100% on the remodeling work. My business name is Mister Remodel. My Dad and sons are my crew when available. My Dad is also a licensed residential builder, licensed Master Electrician, and licensed Mechanical Contractor in the state of Michigan. We are only missing a plumbing license, which I plan to hire part-time soon.

I am currently booked about 2-3 months out with a potential 3-4 months for the studs rehab project in the works. I like to be hands-on and don’t enjoy the financial responsibility and management of W-2 employees. Clients love to hire me because I can do the entire job from start to finish, no matter the project. Since I am doing the work, I have no quality issues and believe in doing the job right. We mainly work on bathrooms and kitchens and restore what the restoration companies tear up when they mitigate water damage. I am an early adopter and love technology. I am using the latest software to manage my business, including Houzz Pro and Hover, both providing imaging technology to scan and measure homes while providing 3-D modeling technology accurately. The 3-D scans are quickly turned into renderings. The technology allows me to measure an interior and exterior in less than 10-15 minutes. Changes can efficiently be designed, and 3-D renderings can be completed. I see the technology being applicable in real estate investing as well.

I am drawn to and have always loved real estate. I bought my first real estate when I was 18 and built a 6,000 sq ft building to rent out to businesses. Since then, in between all my other projects, I have built several homes, remodeled and sold many houses, and home-hacked. Most recently, I flipped a home after getting remarried in 2020 for a $30k profit.

The most appealing concepts I have learned about are flipping and slow flips. I enjoy the process of turning something that is entirely run down into someone's dream home. I know the risk of a solopreneur business is me, so I am looking to start the rehab business to fund my future retirement or open to having the flips be my full-time business.  I am researching the investor relationship to finish writing a strategic business plan, and I want to learn more about Investor-Rehabber relationships and how they work. I am mostly here looking for cash investors to partner with and begin purchasing properties to rehab and either flip or hold the paper. I found a $20k property that would have been a perfect flip, but I also have identified several $30,000 properties in my area that could be great projects. I want to ensure I have a relationship before spending too much time looking for properties.

I look forward to learning more about others here and finding others with similar backgrounds and real estate investors. Jimmy

3Reply
32 views

4 Replies

Jump to latestLatest
  • John LyszczykPro Member
    Rental Property Investor · Marine City, MI · Member since 2016 · 146 posts · 230 votes
    2y

    Welcome! Best of luck on your REI journey!

  • Logan LaperriereBusiness Member
    Real Estate Agent · Grand Rapids, MI · Member since 2023 · 333 posts · 124 votes
    2y
    Quote from @Jimmy Hovey:

    Hi,

    I am New to Bigger Pockets after learning about the book Buy, Rehab, Rent, Refinance, Repeat by David M. Greene. That book led me to The Book on Flipping Houses by J Scott, and I am now in the process of reading The Art of the Slow Flip by Scott Jelinek. My formal education in business management and marketing led to my MBA in 2005. My skilled trade education started at 7, working alongside my Dad, who in addition to a thriving electrical contracting business, always had side projects. I have always been more comfortable wearing my work boots than I ever have been in a suit. I have owned numerous businesses spanning 37 years, including marketing and management consulting, lawn care, landscaping nursery, horizontal directional drilling, heavy construction, and reclaimed wood. I did a 3-year corporate stint managing a marketing department with a multi-million dollar budget, but I'm not too fond of 9-5. I value schedule flexibility. With all of that experience, I only really found my groove in the past year.

    In 2023, I started a part-time remodeling service business to supplement the income in my consulting practice. I got my formal residential builder license in October ‘23. The demand for home services is way higher than the supply, so in 2024, I shut down all other projects to focus 100% on the remodeling work. My business name is Mister Remodel. My Dad and sons are my crew when available. My Dad is also a licensed residential builder, licensed Master Electrician, and licensed Mechanical Contractor in the state of Michigan. We are only missing a plumbing license, which I plan to hire part-time soon.

    I am currently booked about 2-3 months out with a potential 3-4 months for the studs rehab project in the works. I like to be hands-on and don’t enjoy the financial responsibility and management of W-2 employees. Clients love to hire me because I can do the entire job from start to finish, no matter the project. Since I am doing the work, I have no quality issues and believe in doing the job right. We mainly work on bathrooms and kitchens and restore what the restoration companies tear up when they mitigate water damage. I am an early adopter and love technology. I am using the latest software to manage my business, including Houzz Pro and Hover, both providing imaging technology to scan and measure homes while providing 3-D modeling technology accurately. The 3-D scans are quickly turned into renderings. The technology allows me to measure an interior and exterior in less than 10-15 minutes. Changes can efficiently be designed, and 3-D renderings can be completed. I see the technology being applicable in real estate investing as well.

    I am drawn to and have always loved real estate. I bought my first real estate when I was 18 and built a 6,000 sq ft building to rent out to businesses. Since then, in between all my other projects, I have built several homes, remodeled and sold many houses, and home-hacked. Most recently, I flipped a home after getting remarried in 2020 for a $30k profit.

    The most appealing concepts I have learned about are flipping and slow flips. I enjoy the process of turning something that is entirely run down into someone's dream home. I know the risk of a solopreneur business is me, so I am looking to start the rehab business to fund my future retirement or open to having the flips be my full-time business.  I am researching the investor relationship to finish writing a strategic business plan, and I want to learn more about Investor-Rehabber relationships and how they work. I am mostly here looking for cash investors to partner with and begin purchasing properties to rehab and either flip or hold the paper. I found a $20k property that would have been a perfect flip, but I also have identified several $30,000 properties in my area that could be great projects. I want to ensure I have a relationship before spending too much time looking for properties.

    I look forward to learning more about others here and finding others with similar backgrounds and real estate investors. Jimmy


     Hi Jimmy,

    Thanks for the very informative introduction. I live in the Grand Rapids area as well. I see that you are a general contractor I would definitely like to connect and grab lunch sometime. I am a real estate agent and own investment properties. I have several clients that could use your services. I would also be interested in talking about what a potential partnership would look like for a fix and flip. As an agent and investor I come across potential flips all the time. 

  • Member since 2024 · 2 posts · 3 votes
    2y
    Quote from @Logan Laperriere:
    Quote from @Jimmy Hovey:

    Hi,

    I am New to Bigger Pockets after learning about the book Buy, Rehab, Rent, Refinance, Repeat by David M. Greene. That book led me to The Book on Flipping Houses by J Scott, and I am now in the process of reading The Art of the Slow Flip by Scott Jelinek. My formal education in business management and marketing led to my MBA in 2005. My skilled trade education started at 7, working alongside my Dad, who in addition to a thriving electrical contracting business, always had side projects. I have always been more comfortable wearing my work boots than I ever have been in a suit. I have owned numerous businesses spanning 37 years, including marketing and management consulting, lawn care, landscaping nursery, horizontal directional drilling, heavy construction, and reclaimed wood. I did a 3-year corporate stint managing a marketing department with a multi-million dollar budget, but I'm not too fond of 9-5. I value schedule flexibility. With all of that experience, I only really found my groove in the past year.

    In 2023, I started a part-time remodeling service business to supplement the income in my consulting practice. I got my formal residential builder license in October ‘23. The demand for home services is way higher than the supply, so in 2024, I shut down all other projects to focus 100% on the remodeling work. My business name is Mister Remodel. My Dad and sons are my crew when available. My Dad is also a licensed residential builder, licensed Master Electrician, and licensed Mechanical Contractor in the state of Michigan. We are only missing a plumbing license, which I plan to hire part-time soon.

    I am currently booked about 2-3 months out with a potential 3-4 months for the studs rehab project in the works. I like to be hands-on and don’t enjoy the financial responsibility and management of W-2 employees. Clients love to hire me because I can do the entire job from start to finish, no matter the project. Since I am doing the work, I have no quality issues and believe in doing the job right. We mainly work on bathrooms and kitchens and restore what the restoration companies tear up when they mitigate water damage. I am an early adopter and love technology. I am using the latest software to manage my business, including Houzz Pro and Hover, both providing imaging technology to scan and measure homes while providing 3-D modeling technology accurately. The 3-D scans are quickly turned into renderings. The technology allows me to measure an interior and exterior in less than 10-15 minutes. Changes can efficiently be designed, and 3-D renderings can be completed. I see the technology being applicable in real estate investing as well.

    I am drawn to and have always loved real estate. I bought my first real estate when I was 18 and built a 6,000 sq ft building to rent out to businesses. Since then, in between all my other projects, I have built several homes, remodeled and sold many houses, and home-hacked. Most recently, I flipped a home after getting remarried in 2020 for a $30k profit.

    The most appealing concepts I have learned about are flipping and slow flips. I enjoy the process of turning something that is entirely run down into someone's dream home. I know the risk of a solopreneur business is me, so I am looking to start the rehab business to fund my future retirement or open to having the flips be my full-time business.  I am researching the investor relationship to finish writing a strategic business plan, and I want to learn more about Investor-Rehabber relationships and how they work. I am mostly here looking for cash investors to partner with and begin purchasing properties to rehab and either flip or hold the paper. I found a $20k property that would have been a perfect flip, but I also have identified several $30,000 properties in my area that could be great projects. I want to ensure I have a relationship before spending too much time looking for properties.

    I look forward to learning more about others here and finding others with similar backgrounds and real estate investors. Jimmy


     Hi Jimmy,

    Thanks for the very informative introduction. I live in the Grand Rapids area as well. I see that you are a general contractor I would definitely like to connect and grab lunch sometime. I am a real estate agent and own investment properties. I have several clients that could use your services. I would also be interested in talking about what a potential partnership would look like for a fix and flip. As an agent and investor I come across potential flips all the time. 


    Hey Logan, just learning the ropes here. Nice to meet you.  I am actually located in the Mt. Pleasant area. When signing up, GR is the closest metro, they don't give an option to list your actual location. I spent quite a bit of time in GR for 3 years and we have 3 kiddos living over that direction. I'd still like to meet you sometime and grab some lunch. I am always looking to expand my network. 

  • Logan LaperriereBusiness Member
    Real Estate Agent · Grand Rapids, MI · Member since 2023 · 333 posts · 124 votes
    2y
    Quote from @Jimmy Hovey:
    Quote from @Logan Laperriere:
    Quote from @Jimmy Hovey:

    Hi,

    I am New to Bigger Pockets after learning about the book Buy, Rehab, Rent, Refinance, Repeat by David M. Greene. That book led me to The Book on Flipping Houses by J Scott, and I am now in the process of reading The Art of the Slow Flip by Scott Jelinek. My formal education in business management and marketing led to my MBA in 2005. My skilled trade education started at 7, working alongside my Dad, who in addition to a thriving electrical contracting business, always had side projects. I have always been more comfortable wearing my work boots than I ever have been in a suit. I have owned numerous businesses spanning 37 years, including marketing and management consulting, lawn care, landscaping nursery, horizontal directional drilling, heavy construction, and reclaimed wood. I did a 3-year corporate stint managing a marketing department with a multi-million dollar budget, but I'm not too fond of 9-5. I value schedule flexibility. With all of that experience, I only really found my groove in the past year.

    In 2023, I started a part-time remodeling service business to supplement the income in my consulting practice. I got my formal residential builder license in October ‘23. The demand for home services is way higher than the supply, so in 2024, I shut down all other projects to focus 100% on the remodeling work. My business name is Mister Remodel. My Dad and sons are my crew when available. My Dad is also a licensed residential builder, licensed Master Electrician, and licensed Mechanical Contractor in the state of Michigan. We are only missing a plumbing license, which I plan to hire part-time soon.

    I am currently booked about 2-3 months out with a potential 3-4 months for the studs rehab project in the works. I like to be hands-on and don’t enjoy the financial responsibility and management of W-2 employees. Clients love to hire me because I can do the entire job from start to finish, no matter the project. Since I am doing the work, I have no quality issues and believe in doing the job right. We mainly work on bathrooms and kitchens and restore what the restoration companies tear up when they mitigate water damage. I am an early adopter and love technology. I am using the latest software to manage my business, including Houzz Pro and Hover, both providing imaging technology to scan and measure homes while providing 3-D modeling technology accurately. The 3-D scans are quickly turned into renderings. The technology allows me to measure an interior and exterior in less than 10-15 minutes. Changes can efficiently be designed, and 3-D renderings can be completed. I see the technology being applicable in real estate investing as well.

    I am drawn to and have always loved real estate. I bought my first real estate when I was 18 and built a 6,000 sq ft building to rent out to businesses. Since then, in between all my other projects, I have built several homes, remodeled and sold many houses, and home-hacked. Most recently, I flipped a home after getting remarried in 2020 for a $30k profit.

    The most appealing concepts I have learned about are flipping and slow flips. I enjoy the process of turning something that is entirely run down into someone's dream home. I know the risk of a solopreneur business is me, so I am looking to start the rehab business to fund my future retirement or open to having the flips be my full-time business.  I am researching the investor relationship to finish writing a strategic business plan, and I want to learn more about Investor-Rehabber relationships and how they work. I am mostly here looking for cash investors to partner with and begin purchasing properties to rehab and either flip or hold the paper. I found a $20k property that would have been a perfect flip, but I also have identified several $30,000 properties in my area that could be great projects. I want to ensure I have a relationship before spending too much time looking for properties.

    I look forward to learning more about others here and finding others with similar backgrounds and real estate investors. Jimmy


     Hi Jimmy,

    Thanks for the very informative introduction. I live in the Grand Rapids area as well. I see that you are a general contractor I would definitely like to connect and grab lunch sometime. I am a real estate agent and own investment properties. I have several clients that could use your services. I would also be interested in talking about what a potential partnership would look like for a fix and flip. As an agent and investor I come across potential flips all the time. 


    Hey Logan, just learning the ropes here. Nice to meet you.  I am actually located in the Mt. Pleasant area. When signing up, GR is the closest metro, they don't give an option to list your actual location. I spent quite a bit of time in GR for 3 years and we have 3 kiddos living over that direction. I'd still like to meet you sometime and grab some lunch. I am always looking to expand my network. 

    Yes, it does not give you many options for location. Mt. Pleasant is a nice area. I have a few clients with rentals there. 3 kids thats awesome! I have 1 son and a daughter on the way. Having kids is an amazing experience. Let me know next time you are out this way, I'd be happy to buy you lunch or a cup of coffee. 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.