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Updated about 7 years ago,
Flipping a House in Utah
I have found a couple of REO houses that seem like they could be good candidates for a flip, and I'm interested in visiting the properties to get a more accurate idea of the repair costs that will need to go into these to be able to either resale them or rent them out.
I have two questions:
- What is the best way to get a fairly accurate estimation on repair costs (I have never done any sort of house repair work)?
- What are some of the extra things I need to be mindful of when buying REO property?
Any feedback is appreciated. I am just starting out, so I'm eager to learn everything that I can from everyone.
Thank you