Sarah I am sorry to tell you but that is not fix & flipping properties from long distance! What you state is you and your partner fix & flip homes for cash (Financial) investors from out of state! This is providing a service but the investor who is out of town can not be considered the property flipper or fix & flipper!
My idea of flipping properties out of state is we provide the project management, we provide the schedule, we provide the scope and construction sub contracts, and we provide draws according to percentage of contract completion! We orginize and provide airfare, hotel, rental car and expenses to manage our own projects in another state or country!
We specify finishes, colors, appliance package and ammenities! We don’t pay to have someone provide these services as the investor just becomes a cash provider to you for an investment and has no real control, is not the flipper and provides no input when someone else is doing the work!
It is also likely that the construction scope is greatly expanded and the budget enlarged when your working with someone else’s money, therefore the one really making the profit is you and your partner!
Buying realtor, partner for construction and management, selling realtor! Which basically provides zero checks and measures to ensure that sub contracts, materials, and schedule are provided at a competitive bid, best price and stacked schedule where you have 6 or 8 or 10 sub’s working on the property at the same time!
Yes it can be done, we as investors need to choose to be active in our own fix & flip and provide guidence, scope and schedule to our own subs and ensure we are making a real profit rather than a token profit!
Money Investor is completely different and not a fix & flipper or flipper they are entirely two different things!
I would have been more impressed if you said I help investors get competitive bids from General Contractors willing to work with investors for unit pricing and provide any part of the management services working with the investor to hold down cost’s and increase profits!
In fact now that I re-read the original post he’s not even refering to fix and flip he’s refering to contracting and wholesaling properties from a distance which is easy to do provided you perform proper due diligience!