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The best way to find an agent is by a referral from another homeowner (buyer or seller) — preferably, a friend, relative, or neighbor. When you have a list of 10 to 15 names, start calling around and interviewing your candidates to compare their experience, education, and certification, as described in the preceding list.
Recruiting Moneymen (and Women)
Flipping properties for a profit is all about money — getting it, spending it, paying taxes on it, and using it for your next flip. To succeed, you need someone who’s good at managing the finances while you’re busy buying, rehabbing, and selling. Actually, you may need at least three people who are good with money — one or more to loan you money, a second to help you manage it and save on taxes, and a third to recommend the best way to invest it. The following sections describe the types of financial assistance you need.
Finding financiers
Unless you’re independently wealthy, you need a source of cash to get started. You may be able to tap into your savings account, mortgage your home, and max out your credit card, but strong financial backing from investors can provide you with the capital you need to leverage your personal investment. The big question is this: Who can you ask for investment capital? Here’s a list to get you started: