Basic Flipping Process

[Leon Cumberbatch]

Good day,

I am soon to make my first deal and the one thing I am still trying to figure out is process most experience investors use, when they have targeted a potential Rehab.

After you have located the potential flip and before making an offer, how do you really know what you are getting into. Do you bring in someone to appraise the property, then bring a contractor to asses it? I am just puzzled how make a good estimate on the cost of the repairs before having the property assessed.  So please enlighten me on the steps you use from start to finish.

Thank you in advance,