What tips would you recommend for someone wanting to get a jump start in the house flipping business?

Here’s a reader question from Facebook,

“What tips would you recommend for someone wanting to get a jump start in the house flipping business?”

Well, there’s a lot you need to know if you want to get into the house flipping business. But the first thing would be to align yourself with a reliable realtor that knows how to find good deals in the marketplace. Depending on how you’re buying- if you’re searching for short sale opportunities, regular resales or if you want to buy houses at the courthouse steps (the trustee sale foreclosure auction), you need to have reliable people that understand how things work. The first thing I would do is find out your capability for borrowing money. The next thing, would be to align myself with a good agent who knows how to find good deals.

Submit your Question of the Day to Charlie and we’ll be back soon with more answers!

Speak Your Mind

*