First Step In Finding a Flip

[Rob Bowness]

Finding a home to rehab is easy, but finding the right home can be a challenge. When you are just starting out in the rehab business it is important to identify what your ideal home looks like and not stray from these metrics. By first outlining what town, home size, price and reno needs fit your capabilities you will then have a clear of what you are searching for.

To find the right home I recommend you get started by doing the following:

• Create a list of towns you would like to source deals
• Determine the price range or maximum purchase price for the property
• Renovation range: cosmetic to advanced, it is always my suggestion that most people start with a cosmetic rehab
• Decide on a home layout: this can also be a range, but we suggest having the construction type always  being the same, for example our home layout looks like the below:

1. Single Family Home
2. 3-4 Bedrooms
3. 2+ Bathroom (2 full bath minimum)
4. 1,500+ Sq. Ft.

When I began to follow these guidelines it simplified the process and provided me a tangible checklist to use. It also forced me to take action instead of just wishing or dreaming about creating a house flipping business. In my 8 Week Bonus Investing Solutions Course, we go over every step of the rehab process and specialize in how to source the right home. Contact me today if you are ready to learn how to flip houses.