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Updated almost 7 years ago on . Most recent reply

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I Want to Flip Houses but I Don’t Know How

Posted

Hi,

I always been interested in real estate, and I recently decided that I want to invest in flipping. Just one problem...i dont know where to start. I have no money of my own, but know I can be successfull starting out with OPM. I just don’t know how to go about the entire process. I read a few articles on BiggerPockets on how to begin investing, but I feel like they are geared more to what is required to be successful rather than a step by step guide on the chronological of things. 

Do I find a lender first? Or do I find a rehab first? 

Do I build a team before the rehab begins, or do they get hired at different times throughout the process?

How do I analyze cost of home/repairs? And where do I look to find comparable homes?

It is all so confusing =(

I’m looking for someone direct me to any readings that me be of better help. Any advice is also welcomed.

Most Popular Reply

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890
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Derrick E.
  • Investor
  • The Creek, WV
1,439
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890
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Derrick E.
  • Investor
  • The Creek, WV
Replied

No offense. I think you are a long ways off from being able to successfully complete a flip. I'm not a flipper so maybe I am wrong but good luck getting someone else to loan you money when you have zero experience.

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