What do you think makes a reputable Flipper?

Question

Are you an investor who finances flips? Are you a flipper who received financing from investors? In either case, what factors help to build credibility as a flipper?

The obvious answer here is a history of successful flips. Are there other things people look for? Are there things a newbie can do when they don't have a flip under their belt yet?

To get the convo started, here is a list of potential factors. Which of these things increase or decrease credibility? By what magnitude?

- History of Successful Flips

- Flipper is financing part of the Flip

- Flipper has an LLC

- Flipper has website / business cards

- Flipper has "team" in place

- Education/experience of Flipper / Team (not directly in flipping)

- Network of flipper

- Gut feeling about the competency of the flipper

- Documentation of the numbers for the deal

Account Closed · Answer

@mellessiaKilbourne

I have been in the RE business as a investor in many different ways and as a business person supporting other investors, for over 20 years, have written and published two books. I would like to say you have hit the nail directly on the head with your list of factors.

All, everyone of these are as important as the next.  The only two you may have left out is, what are his or her core values and do you like them as a person. I always ask myself a few question before doing business with anyone on either side of the equation, can I see myself having a beer with them and shooting the shit, would I feel ok having them to my home, how did I feel every time I met with them, Do they listen, etc. Think about what is important to you and make up your own list.  Now if they don't meet your criteria, doesn't mean you throw them out the window like bath water. No one is perfect lol Just put in place a system that makes you feel ok to move forward.

Wish you the best!