First Time House Flippers

[Spencer Ackison]

Hello! My name is Spencer. My husband and I are planning to move to Ohio in the next few months to start flipping houses to build up a savings to eventually invest in rental units in Florida. I have experience in apartment management/rentals, as my family owns rental units all over Los Angeles, but we are both new to house flipping. From our research, we decided we are going to find some houses that don't need TOO much work, as we don't want to take on a huge reno for our first couple of houses. We also have a pretty good idea of some B Class areas where flipping could be very beneficial for us, thanks to an awesome realtor we found here on Bigger Pockets. We are looking into a conventional loan with 20% down, but are also considering a construction loan perhaps. I was wondering-- if anyone has done this before, what are some things we should consider/look out for as first timers? Thank you!!