Recommendations on Multi-Million Dollar Flips

[Towanda Hammonds]

I need advice on where I can find investors that would be interested in multi million dollar flips. Please help.

[Charlie MacPherson]

@Towanda Hammonds  @Patti Robertson is right. Since you're a real estate agent, go into your MLS and look at similar solds within a mile or so in the last 6 months and look at days on market.

I just ran $1M+ sold in the last 6 months in Plymouth, MA.  There were 7 sales with an average of 241 days on market.

Compare that to $400K to $600K.  165 sales with an average of 67 days on market.

If your market stats are similar, you need a plan to not get buried by holding costs (interest, taxes, utilities, insurance, maintenance), especially if you're financing with hard money.

Better yet, focus on a price point where homes sell more quickly.