Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

147
Posts
38
Votes
John Spina jr
  • Contractor
  • Staten Island, NY
38
Votes |
147
Posts

Looking to start my first flip.

John Spina jr
  • Contractor
  • Staten Island, NY
Posted

Hey all BP members. I have a general contracting company that my father and I run. Im looking to start our first flip together. Although I do not have much capital of my own just yet is it still possible for me to get started? Also what is the best way to generate leads? Any advice will help.

Most Popular Reply

User Stats

560
Posts
218
Votes
Laura Alamery
  • Investor and RE Mentor
  • Miami, FL
218
Votes |
560
Posts
Laura Alamery
  • Investor and RE Mentor
  • Miami, FL
Replied

@John Spina jr

Yes, of course you can do a flip even if you don't have much capital. Either use hard money or better yet private lenders (individuals with capital who are looking for better than average ROI - Return on Investment.) Another option is to look for deals where the owner is willing to carry the financing and wait to be cashed out, so you have to really only pay for the materials and labor. Since you own a general contracting company, you can probably do that pretty easily.

As far as leads, look for distressed properties. From driving for dollars, to preforeclosures, tax delinquent, abandoned homes, etc.

Loading replies...