Updated almost 8 years ago on . Most recent reply
Hello BP Nation from Chicago!
Hello BP nation! I’m Martin from Chicago. Finally posting for the first time. I’m a quiet guy but I will try to be chatty in the forums. I started my first flip 2 months ago and hope to be done by the end of November. Tons of mistakes made but I will learn from them and move forward! Any questions, please ask!
Most Popular Reply
@Martin Neal, congrats on taking action! (Most people never get past the idea phase.) My two cents: remember to get lien waivers from all subs/contractors and get a sworn contractors stmt from your GC. Many new investors never obtain these docs and invariably run into problems at the closing table with the title company. I've seen new flippers fail to obtain the proper paperwork and title companies require a holdback of full proceeds until documents are provided! Staying organized, keeping records, and implementing systems is essential for all flippers, new and seasoned!