Flipping Business Checklist- Are we missing anything?

[Tiffany Loftus]

First, I want to say THANK YOU to the people who responded on my first post. This community is amazing! My husband and I are always finding ways to bless people so to be in a place where we see others doing the same and wanting to see others succeed is pretty great. I love seeing people who understand that there really is plenty to go around!

On to today’s topic...

I made a couple of checklists to help us plan out our business. I made a to-do list and we took inventory of my husband’s skills. We refuse to let the temporary absence of funds keep us from taking steps forward. If anyone has the time, can you let me know if there’s anything we’re missing? Thanks!

To-Do List

- [x] Game plan and strategizing

- [x] Walk showroom of our wholesale supplier to see what all is offered

- [ ] Look at other building supply places

- [ ] Come up with name

- [ ] Apply for EIN

- [ ] LLC

- [ ] Talk to CPA

- [ ] Get bank account

- [ ] Research properties

- [ ] Find capital partners to get started

- [x] Research real estate classes

- [x] Come up with a list of things Isayah knows how to do

Isayah’s Skills

-Tree trimming

-Countertop fabrication and installation

-Cabinet installation

-Construction (framing, joists, subfloors, etc.)

-Flooring Installation

-Roofing

-Tile Installation (flooring, backsplashes, etc.)

-Drywall

People we have willing to help us for free or lower cost

-Two (maybe 3) contractors

-Granite fabricator

-real estate agent

-Family for extra labor

-wholesalers

-loan officer willing to help get credit up

-flipping mentor here in Tulsa

-electrician

-hvac guy

-painter

Thanks y’all. I feel like we’re ready to go as long as we get our checklist completed. Let me know if you have any advice or suggestions!