Looking to start my first flip.

[John Spina jr]

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.

[Laura Alamery]

@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.