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Updated almost 3 years ago on . Most recent reply

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Divine Bunch
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New to flipping: Interviewing banks and CPAs

Divine Bunch
Posted

Hi everyone, I'm getting started with property flips and I have 2 questions:

1. Can you recommend good CPAs that are familiar with Kentucky laws/regulations, and preferably focus on working with RE investors?

2. Can you recommend good questions to ask lenders? I'm talking with banks and private money lenders this week and I'd like to know what I don't know lol.

Thanks in advance!

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I wouldn't even worry about an accountant right now. They are really low-hanging fruit in the grand scheme of things. I'd focus on finding a contractor and then finding the deal. Those are the hardest pieces of the puzzle. I also wouldn't go to conventional banks. I feel like 90% of the big-name banks won't lend on fix and flips so it's not a great use of time. I'd also reach out to some of the lenders listed in the BP network. Your primary focus for lenders should be hard or private money. 

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