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Updated almost 2 years ago on . Most recent reply

Sparkle Carlock's profile image
Sparkle Carlock's profile image
Sparkle Carlock
  • New to Real Estate
  • from Indianapolis, IN
  • Member since Nov 4, 2022
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Sparkle Carlock's profile image
Sparkle Carlock's profile image
Sparkle Carlock
  • New to Real Estate
  • from Indianapolis, IN
  • Member since Nov 4, 2022
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Sparkle Carlock
  • New to Real Estate
  • Indianapolis, IN
28
Votes |
36
Posts
Starting Out

House Flipping as a Newbie

Sparkle Carlock
  • New to Real Estate
  • Indianapolis, IN
Posted

As a first time investor, I see many people house hacking. Which is wonderful way to break into REI. My question is not for house-hacking advocates. 

Has anyone ever went into house flipping for their first REI property? I love to hear feedback specific to how that went and receive any advice on the process as a first time REI.

Indianapolis, Indiana
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Eliott Elias's profile image
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Eliott Elias
  • Investor
  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias's profile image
Eliott Elias's profile image
Eliott Elias
  • Investor
  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias
  • Investor
  • Austin, TX
5,552
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9,861
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Your first property is going to be a nightmare, prepare for it. Your contractor is going to under budget, and you’re going to be spending a lot more money than you anticipated. Make sure you buy the deal right.

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