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Updated over 8 years ago,

User Stats

7
Posts
0
Votes
James Taylor
  • Drammen, Buskerud
0
Votes |
7
Posts

Is flipping relatively safe?

James Taylor
  • Drammen, Buskerud
Posted

So i maybe have the chance to get help from my mom.. Shes got a house that she owes 200.000$ off.

I could get a credit on it dor like. 100.000$ and use that to flipping.

I would first visit the property making sure the foundations are undamaged, then write down what i would need to do to the property, and research potentially what i can sell the house for after rehab in the Area.. Then figure out what the. Rheab costs, contact painters etc.. Snd calculate potential profit after rehab, RE agent costs etc.

I know little about flipping houses.. But i got a eye for detail..

Advice please

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