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Updated over 5 years ago,
How to go about flipping a house?
Hello, I have zero experience with this. I did buy a house in 2018 for 260K , put in 30K in renovations (new tubs, new tiles in bathrooms, paint, new shower doors, new cabinets/countertops both in the kitchen and bathrooms). I'm hoping to sell it next year for 360-370K. Do you think that should be possible ?
Then, with the profit I intend to buy another house, but for less than 260. Maybe in the 200-220K range, and do a renovation and flip. But I'm not at all sure how I would proceed.
I know a house inspection is needed. What kind of insurance would be good to get ? It doesn't have to be landlord insurance, I assume.
Do I just get some quotes from multiple contractors? Problem is I'm not very design savvy ( I had help with my other house that I won't have now).
Just some tips , websites etc that could be of help. I'm in florida , gainesville if it makes a difference.
Thanks ! :)