My Plan For A First Flip

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OK - I've lurked here for a while and I have learned one very important lesson.... the biggest problem people have is GETTING STARTED (including me).
:oops:

So just to make sure I'm not crazy... here is my simple plan for my VERY FIRST FLIP.

- Call my real estate agent (because she did so well finding our first house)
- Explain my intent (first flip)
- Ask her what the market value is for houses in the 2 "expensive" towns in our area
- Ask her if there are any priced below market value right now

Hopefully, she will show me a few.
Then I will go to my bank and ask for a loan (is this correct?? Help??)
Then I will buy the house and hire a contractor (I'm not very handy)

Finally, I will stage the house and sell it (probably through the same real estate agent that helped me find it)

Is this reasonable at all?

-RedMan