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Updated almost 3 years ago on . Most recent reply

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50
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Jeremy Heaman
  • Investor
  • Edmonton
25
Votes |
50
Posts

Challenges doing multiple flips in Canada?

Jeremy Heaman
  • Investor
  • Edmonton
Posted

Hello, I am looking at taking on multiple flips in the near future, and am curious how this may differ from doing 1 at a time. I am currently investing in Edmonton Alberta. 

Can you utilize more economies of scale? Are there organizational challenges to be aware of? I would love to hear your experiences, and some of the challenges faced.

Most Popular Reply

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1,875
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1,464
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Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
1,464
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1,875
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Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
Replied

@Jeremy Heaman I just finished one and am working on 3 more flips/brrrs right now. The biggest problem is getting reliable crews. The less you’ve worked with people the more you need to keep close tabs on them. And even with a good crew it seems there are always delays and unforeseen (but hopefully not unplanned for) expenses. It’s not really that hard to scale to 2, 3, 4, at a time, it just magnifies your risks. What if things go wrong on multiple projects at once. You don’t want to spread yourself so thin you can’t handle it financially or managerially. 

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