What’s Your Biggest Challenge Scaling Flips?

[Kelly Schroeder]

Scaling flips can be a challenge — timelines, contractors, and capital all play a role.

For those of you flipping consistently, what strategies have you used to keep momentum from one project to the next? Curious to hear how others are managing growth in today’s market.

[Ryan Irwin]

This is a great question Kelly.  While there are countless others that have scaled their flipping business more than me, I have grown mine more than I initially expected and continued through the challenges and obstacles.  

Probably the thing that has been the biggest factor is to run the business like a business.  This has included:
*Financial oversight with budgets and bookkeeping, having a finger on the pulse of cashflow and financials
*Regular communication with partners (business partner, accountant, contractors and investors)
*Implementing weekly sync calls to go over short and long term goals/lists (highly recommend the book Rocket Fuel by Gino Wickman on this one)
*Strategic planning, focusing on not just the current projects, but looking ahead and having plans in place to maintain momentum
*Analysis of each project to determine wins/lessons and use these to continue to improve

I think regardless of the business, being intentional versus random and careless certainly makes and impact on progress and scaling.