Just getting atarted

[Janette Tarbell]

Looking to get started as a flipper, but we need to build capital. I’ve been looking into wholesale deals. I found a few pre-foreclosure deals that I think would be great flips in an area where houses are going fast. I’m extremely nervous about getting started. I’ve watched every video, read every book, but I’m still scared. Can I get some support or motivation. Maybe even warnings?  

Thanks for your help. 

[Rachel Tripp]

You can do this! For your first one, find one that doesn't need a huge major mechanical rehab like roof/foundation/electrical. Keep the cosmetic updating simple and not over the top...don't do more than your flipped comps. Apples to apples. If you can break even or not loose money on your first one...you are ahead of the curve. Also, check in on your contractors at minimum every 3-4 days.(trust me on this one!)