Updated over 10 years ago on . Most recent reply
What do you think makes a reputable Flipper?
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