How to Handle Issues After the Flip is Over

by | BiggerPockets.com

One thing does that doesn’t get discussed during all of the flipping shows on TV is what happens after you sell your fix and flip to a homeowner. Most times, the homeowner is happy, and you and your team are onto the next project. However, issues can absolutely arise after the property is sold. How do you handle it as the developer? This is an important question to answer and to determine ahead of time.

Related: 3 Ways to Fund Your Very First Flip

Issues Post-Flip? Watch This.

During today’s video, I share some tips to help you when you find yourself in this situation, including the following:

  • Purchasing a warranty
  • Listening and discussing
  • Involving the contractor

I hope today’s video is helpful to you. Let’s get into some discussion.

What strategies have you used in these sticky type of situations?

Thanks as always for watching and commenting!

About Author

Matt Faircloth

In 2005, Matt founded The DeRosa Group along with his wife, Elizabeth. At the time, the two person company owned and managed two assets – a single family home and a duplex. Over the last nine years, they have grown the company to a 12 person team owning and managing over five million dollars in residential and commercial assets throughout the central NJ and Philadelphia area. One of DeRosa’s mantras is “to make money while making a difference.”

2 Comments

  1. Rogelio Miramontes

    Very nice article and video!

    Outside of real estate investing, i have a background in the criminal justice field. Most of the criminal complaints brought forth against contractors for prosecution, per my experience, have shown that the owners/principals of the contracting business or firm have a history of crimes involving DECEPTION. So these crimes would not be violent crimes, rather, crimes such as theft by check, forgery, execution of document by deception, embezzlement, misapplication of property as a fiduciary, failure to provide full and fair disclosure, etc.

    As part of a due diligence in hiring contractors, I strongly encourage a criminal background check.

    R. Miramontes

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