Beginner looking to house flip

[Tonatiu Ortega]

Happy Friday to everyone reading this post!

I am weeks away from gaining some capital that i think can get me started in my REI journey. My Idea is to start with fix and flips to make some "quick" profits and then use that profit to get into more long-term, cash flowing investments.

I would really love some insight from fix and flip veterans on how to go about this project and things i should consider before embarking in this project. 

Thank you

[Jonathan Greene]

Whenever I see the words beginner and house flip, my first reaction is don't do it. Don't do it.

You wrote "My Idea is to start with fix and flips to make some "quick" profits" which is not at all what happens with your first flip for 98 percent of the population. First flips cost twice as much as you think and take twice as long, every time. You will hire 2-3 of the wrong contractors also and lose 10-15k in walkway money.

Your first try should be to do a flip as a smaller partner with someone else, a friend, a local investor from a meetup, so you can learn the ropes, know how to manage a crew, etc.